Month: June 2017

Know your rights as a taxpayer!

Did you know that as a taxpayer you have certain rights that are outlined and available to you in the “Taxpayer Bill of Rights?” In a 2012 taxpayer survey, only 46 percent of participants indicated that they believed they had…

5 business tax breaks for summer

Now that summer has arrived, you may find opportunities to combine business activities with pleasure, which could result in tax breaks. Here are five of those potential breaks. 1. Organize a company outing. Normally, deductions for business entertainment and meals…

Hiring your child for the summer

Is your teenager looking for a job for the summer? Hiring him or her to work in your business not only provides a little income for your child, but it can result in several tax and financial benefits. For starters,…

Exceptions to early IRA withdrawal penalty

Life sometimes throws you a financial curve ball. So, you may have to take money out of your Traditional IRA earlier than you had planned. Your early withdrawal will be taxed, and if you withdraw the funds prior to age…

4 warning signs of business failure

According to the Small Business Administration, about half of all newly established businesses last five years or more. Only a third survive to the ten-year mark. For a variety of reasons, companies that possess the stamina and skill to endure…