Monthly Archives: August 2014

Don’t overload on company stock

Don’t invest too much of your 401(k) plan contributions in your company’s stock. Remember, even if the company is doing well now, things can change. And if the worst happens and you lose your job, you don’t want to lose … Continue reading

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Classify workers properly

Don’t subject your business to tax penalties by misclassifying an employee as an independent contractor. The IRS is aware that employers prefer to treat workers as independent contractors to avoid paying fringe benefits and payroll taxes. If you’re not absolutely … Continue reading

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Is a business valuation useful? Yes!

For many business owners, a business appraisal or “valuation” can furnish vital planning information and help mitigate risk. Consider the following: * Establishing a verifiable value for your business can show whether assets have appreciated at a reasonable rate. If … Continue reading

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Prepare, prepare, prepare if you want to get your bank loan

Getting a bank loan for your business may be more difficult than usual in today’s troubled economy. However, if you give your bank a thorough, organized, and well-supported loan proposal, you’ll increase your chances of getting the money your business … Continue reading

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Planning can save your vacation home tax deductions

You can enjoy a vacation home and cut your taxes – with some careful planning and a little discipline. The IRS rules can be complex and potentially restrictive, so a word of caution is in order as you plan the … Continue reading

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Consider a disciplined investment strategy

In today’s rabbit-fast world, it pays to remember that the tortoise won the race. For investors, dollar-cost averaging – a slow and steady investment plan – can be a winning strategy. With dollar-cost averaging, you invest a set amount of … Continue reading

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Nonprofit organizations may have tax obligations

If you’re an officer or on the board of a community organization, you may wonder about the tax requirements that apply to your group. Generally, an organization will not owe taxes if two things are true: * It has registered … Continue reading

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