Don’t lose tax benefits when combining business travel with vacation pleasure
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if you’re not careful, you could lose the tax benefits of business travel. Generally, if the primary purpose of your trip is business, then expenses directly…
Top Talent Attributes
Successful companies don’t hold back when it comes to recruiting the best candidates. Whether it’s drawing them away from other organizations or grabbing talented people from other industries, there are three attributes that are most important to an organization when hiring: attitude, competency and mindset. · Attitude. An employee has a passion for the organization and…
Softening the blow of higher taxes on trust income
This year, trusts are subject to the 39.6% ordinary-income rate and the 20% capital gains rate to the extent their taxable income exceeds $12,150. And the 3.8% net investment income tax applies to undistributed net investment income to the extent that a trust’s adjusted gross income exceeds $12,150. Three strategies can help you soften the…
Tax Fraud Hits Physicians & Health Providers
More than 100 New Hampshire physicians and health care providers have been reportedly victimized by tax fraud. Social Security numbers were stolen and the perpetrators used them to file fraudulent tax returns and steal tax refunds. “The Secret Service and Internal Revenue Service should immediately conduct a joint investigation into recent reports that more than…
Website Updates: What and How Often?
Oftentimes, after the initial setup of a website, it can be tricky to figure out how often to update and what, specifically, should be updated. Here are some tips to help you decide: How often should I update my website? This question is rooted in the buzz over how best to boost your search engine…
Your 2013 tax return is filed. What tax records can you toss?
The short answer is: none. You need to hold on to all of your 2013 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge. At minimum, keep tax records for as long as the IRS has the…
Making the most of your business’s NOL
If during 2013 income tax return filing you found that your business had a net operating loss (NOL) for the year, the news isn’t all bad. While no one enjoys being unprofitable, an NOL does have an upside: tax benefits. In a nutshell, an NOL occurs when a company’s deductible expenses exceed its income —…
Reasons to Check Your Child’s Credit Report
Child identity theft is a growing problem, but taking proper steps to combat it can go a long way toward keeping your child safer. One in 40 households with children under age 18 had at least one child whose personal information was compromised by identity fraud, according to the 2012 Child Identity Fraud Survey,…