Using Your 401(K) Plan to Save This Year and Next
November 12, 2019 Knowledge Center
Using Your 401(K) Plan to Save This Year and Next

You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. […]

Is Multicloud Computing Right for Your Business?
November 7, 2019 Knowledge Center
Is Multicloud Computing Right for Your Business?

Cloud computing — storing data and accessing apps via the Internet — has been widely adopted by businesses across industry and size. Like many technological advances, though, new derivatives continue to emerge — including so-called multicloud computing. Under this approach, companies don’t rely on a single cloud service; rather, they distribute their data and computing […]

Review and Revise Job Descriptions for Everyone’s Benefit
November 1, 2019 Knowledge Center
Review and Revise Job Descriptions for Everyone’s Benefit

A job description may seem like just so many words on a page or website. But those words have power. They can either set an employer and employee on a path toward a positive, fruitful relationship or on a downward spiral into confusion and conflict. To keep your organization on the road to success, review […]

Selling Securities by Year End? Avoid the Wash Sale Rule
October 28, 2019 Knowledge Center
Selling Securities by Year End? Avoid the Wash Sale Rule

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the rule works Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the […]

At the Very Least, Update the Financials in Your Business Plan
October 25, 2019 Knowledge Center
At the Very Least, Update the Financials in Your Business Plan

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management team description, implementation plan, and financials. Now, ideally, you would comprehensively update each section every year. But if the size, shape and objectives of your […]

Leave a Philanthropic Legacy With a Charitable Remainder Trust
October 18, 2019 Knowledge Center
Leave a Philanthropic Legacy With a Charitable Remainder Trust

Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs. The good news is that there’s a trust for that: a charitable remainder trust (CRT). This type of trust allows you to support your favorite charity while potentially boosting cash flow, shrinking the size of […]

Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs
October 16, 2019 Knowledge Center
Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, the earnings on the contributions grow tax-free. In addition, no tax is due when the funds in the account are […]

Laptop Battery Safety is No Laughing Matter
October 16, 2019 Knowledge Center
Laptop Battery Safety is No Laughing Matter

You’d be hard pressed to find a business today that doesn’t have laptop computers listed among its assets. Large companies have hundreds of them; midsize ones issue them to managers to facilitate mobility; and many small businesses rely on them as primary computing devices. Now, in and of itself, a laptop may seem harmless. But […]

Watch Out for Tax-Related Scams
October 10, 2019 Knowledge Center
Watch Out for Tax-Related Scams

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals can contact victims through regular mail, telephone calls and email messages. Here are just two of the scams the tax agency has seen in recent months. Fake property liens. A tax bill is sent from […]

Is a Self-Directed IRA Right for You?
October 7, 2019 Knowledge Center
Is a Self-Directed IRA Right for You?

Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp up the benefits of these tools by enabling them to hold nontraditional investments that offer potentially greater returns. However, self-directed IRAs present pitfalls that can lead to unfavorable tax consequences. Consequently, you need to handle […]

Take Advantage of the Gift Tax Exclusion Rules
October 3, 2019 Knowledge Center
Take Advantage of the Gift Tax Exclusion Rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal gift tax exclusion. The amount is adjusted for inflation annually. For […]