Do you contribute to a health savings account, or HSA, to help you cover your medical expenses? Taxpayers are allowed to make tax-deductible contributions to HSAs if they have health plans that have high deductibles, based on Internal...Read More
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Have you been frustrated in the past due to complications in finalizing your return because scattered filing dates made it difficult to gather the information you needed when you needed it? In earlier tax years, that was particularly...Read More
Today we said farewell to Stan and all his many years of dedicated service to his clients, employees, friends, and family. After 40 tax seasons Stan has decided it's time to move on to his next phase in life. We all are the...Read More
Frequent revisions in tax laws can make planning tough. Fortunately, a law passed late in 2015 changed a number of popular tax provisions from temporary to permanent. One is the American Opportunity Tax Credit, which provides a...Read More
Health reimbursement arrangements (HRAs) enable small businesses to contribute to employee health care expenses, including premiums, deductibles and other out-of-pocket costs. Unfortunately, up until now, employers with HRAs have faced...Read More
Have you taken the required minimum distribution (RMD) from your individual retirement arrangement or workplace pension plan? That’s an important question, because failure to take your RMD on time could result in a stiff penalty...Read More
In a surprise which has so far shocked global capital markets, a referendum in the United Kingdom resulted in a vote to leave the European Union (EU). This follows a week where markets had climbed to near peak levels as official polls...Read More