Month: February 2015

New health insurance reporting required for 2014

Wondering how the health insurance laws will affect your 2014 individual income tax return? Here are two new items you may need to include on this year’s Form 1040. Penalty for not having health insurance. You may owe a penalty…

Expect new tax forms for your 2014 return

Tax law changes put in place by the 2010 health insurance laws are still taking effect. The changes include two new forms that may be part of your 2014 federal income tax return. Form 8962, Premium Tax Credit, is the…

Improve your business with an internal audit

Taking a systematic look at your operations and finances — sometimes called an internal audit — is often the best way to improve your company’s efficiency and effectiveness. Though small companies rarely have an internal audit division, business managers can…

Four tips for building an emergency fund

Planning for emergencies is like buying insurance: you pay into an account, and hope you’ll never have to use it. But life happens. Cars break down. Roofs leak. Kids break arms. Having money in the bank to cover those unexpected…