Month: August 2015

Tax breaks for people with disabilities

Have you heard about the new “Achieve a Better Life Experience” (ABLE) accounts? They’re tax-favored savings accounts you can establish to set aside money to pay expenses for a disabled family member. Assets in ABLE accounts grow tax-free and withdrawals…

How to report business charitable deductions

The rules for making charitable donations from your business are similar to those governing personal donations. For example, you can donate cash or property, your total deduction may be limited, you may need to get an appraisal to establish value,…

Annuities: What to know before you invest

You’re approaching retirement and sales representatives want to sell you a bewildering array of investment products — including annuities that offer a guaranteed source of income. But before you sign on the dotted line, make sure you understand the basics.…

Great Hiring Tips

Garnering a good return on investment isn’t limited to retail products, raw materials, equipment, and real estate. The people you hire are an investment as well. If they provide excellent customer service, produce quality products, and care about what’s best…

Are you familiar with these tax-saving terms?

As you’re working on your midyear tax planning, refresh your memory on the meanings of terms that can save you money. Here are three. Exclusion. Exclusions are items that would generally be included on your return, but are specifically excluded…