The IRS recently released its “dirty dozen” tax scams to watch out for in 2014. Here is a rundown of this year’s list: Identity (ID) theft: This occurs when someone uses your personal information, such as your name, Social Security number (SSN) or other identifying information, without your permission, to commit fraud or other crimes….
Practically every business owner will tell you that it takes more than one person to build a profitable business. It’s likely that several “key employees” will contribute to the success of an operation. However, while a business owner may be careful to make sure that he or she is adequately insured, the need to protect…
The middle of the year is often a good time to “make hay” for income tax purposes. Here are 10 popular strategies that may appeal to individuals and small-business owners: Offset capital gains and losses. Currently, the maximum tax rate for long-term capital gains is 15% for most taxpayers and 20% for those in the…
