Archive

16Oct2017

Hiring the Right Employee Can Get You a Big Tax Credit

    Article Highlights:  Potential Credit Eligible Employees Credit Determination Certification Process Other Issues If you are an employer who is willing to help disadvantaged individuals, you could benefit from a substantial federal tax credit. Hiring certain new employees can qualify you for the work opportunity tax credit (WOTC). The WOTC is typically worth up
  • 16 Oct, 2017
  • Jacqueline Cran
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12Oct2017

What is an RMD?

  Article Highlights:   Required Minimum Distributions When the Distributions Must Begin RMD Distribution Tables Figuring the Amount of the Distribution Beneficiaries IRA-to-Charity Transfers Required minimum distributions (RMDs) are required distributions from qualified retirement plans. RMDs are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does
  • 12 Oct, 2017
  • Jacqueline Cran
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09Oct2017

Natural Disaster Charity Volunteer Tax Breaks

    Article Highlights:  Away-from-home travel Lodging and meals Entertaining for charity Automobile travel Uniforms Substantiation requirements If you volunteered your time for a charity in the aftermath of a natural disaster, you probably qualify for some tax breaks. Although no tax deduction is allowed for the value of services performed for a qualified charity
  • 9 Oct, 2017
  • Jacqueline Cran
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