Getting Married this Year? Here’s Your Tax Tip Sheet
While most couples go to great lengths to ensure that their wedding day is perfect, far fewer think about how their nuptials will impact their tax liability. The truth is, the moment you get married, no matter what time of the year it is, in the eyes of the government you are considered to have…
Key Lessons from the Financial Fallout of the ‘Brexit’ Vote
It’s fair to say that the recent ‘Brexit’ vote by Britons to exit the European Union (EU) has shaken global financial markets to their core, at least in the short-term. Financial analysts say that it’s too early to tell what the long-term impact of this historic vote will be. But one thing is for certain,…
Smart Strategies to Handle the “Downfall” Problem 1 in 4 New Businesses Experience
One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don’t have a consistent stream of cash coming in, you’ll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of new businesses…
IRS Fights Scammers – Instructs Staff to Initiate All Future Audits by Mail; Never by Telephone
With a rise in IRS phone scams, the Agency changed its policy on contacting taxpayers whose tax records are subject to an audit. The new policy instructs IRS agents to contact affected taxpayers only by mail—never by phone (which used to be the IRS’ go-to method of contact). As such, we urge all of our clients…
No Time to Garden? Try These Time-Saving Tips
While many of us appreciate the glory of a beautiful garden, there’s no denying that having one is a time-consuming endeavor. That’s why we’ve compiled these tips to help you make the most of your yard in less time: 1. Start with a plan. A well-thought-out plan for your garden that utilizes low-maintenance plants and…
Overtime Pay Eligibility Expanded – What Businesses Need to Know
President Obama, declaring that “Americans have spent too long working more and getting less in return,” ordered the Labor Department to revise federal rules on overtime pay for salaried workers that log more than 40 hours a week. The long-awaited rule change will extend overtime pay to an estimated 4.2M workers. Under current federal regulations,…