The ACA and You – What you should know

  • May 05, 2018
  • Categories: Business

(As Seen in Our Latest E-Blast)

Due to the Affordable Care Act (ACA), the Internal Revenue Service has reiterated the rules on health insurance deductions for 2% shareholders of an S corporation and their employees.

Health and accident insurance premiums paid on behalf of a greater...

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Check Your Company’s Key Financial Ratios

  • May 05, 2018
  • Categories: Business

In the hustle and bustle of daily business, getting a firm grip on your company’s financial health may seem elusive. Fortunately, a wealth of diagnostic information — like the annual physical exam that highlights the need for a change in medication or a revised diet — is often displayed in...

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Plan For The Growth Of Your Business

  • May 05, 2018
  • Categories: Business

Most businesses view growth as a sign of success. Yet uncontrolled expansion could jeopardize your company’s future. Consider these key points as you map out a plan for growth.

Keep more of what you make. A thorough business and tax review may reveal tax-cutting opportunities and other...

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IRS Publishes Ten Facts On Amending A Tax Return

  • May 05, 2018
  • Categories: Business, Taxes

If you discover an error or omission on a tax return you’ve already filed, you can fix the mistake by filing an amended tax return. The IRS recently issued ten facts taxpayers should know about amending a return. Here’s a quick summary.

Use Form 1040X (Amended...

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Crowdfunding: A New Source Of Business Financing

  • May 05, 2018
  • Categories: Business

If you are trying to finance a new business venture, you might want to check into an online option known as “crowdfunding.” In simplest terms, crowdfunding means many people give you money to fund your project in exchange for a reward such as a free copy of your product...

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Manage Your MAGI To Preserve Tax Breaks

  • May 05, 2018
  • Categories: Business, Taxes

How close to the edge are you when it comes to tax phase-outs? As you begin your fall tax planning, consider the effects of these benefit-limiting provisions, many of which are based on modified adjusted gross income, or MAGI. Knowing how close you are to the “edge” can help...

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Embezzlement: You Need To Know How it works and how to prevent it

  • May 05, 2018
  • Categories: Business, Processes

It has been said that if fraud were a country, it would be the fifth most productive country in the world.

Whether this is true or not, fraud is responsible for crippling many businesses.

Embezzlement is a huge part of the fraud industry. Because the...

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Should You Choose LLC Status For Your Business?

  • May 05, 2018
  • Categories: Business

Are you thinking of making your new business a limited liability company? You’ve probably already learned that an LLC combines the limited liability protection of a corporation with a partnership’s flexibility in allocating income and other items among owners. However, you may be wondering how that hybrid...

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How To Reduce Inventory Risk In Your Business

  • May 05, 2018
  • Categories: Business, Processes

Study the balance sheet of most retail or manufacturing businesses, and you’ll find inventory near the top of the asset list. Accountants define inventory as raw materials, supplies, work in progress, and finished goods. It’s the stuff sitting on shelves, parked in the lot, or being produced...

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Work-Related Education Expenses Can Be Deductible

  • May 05, 2018
  • Categories: Business, Taxes

Are you going to school this fall to earn an advanced degree or to brush up on your work skills? If so, you might be able to deduct what you pay for tuition, books, and other supplies.

In general, when you’re self-employed or working for someone...

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