The following article was published by the IRS. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health [...]
[youtube https://www.youtube.com/watch?v=gm94XsEBpEU]While the length of a day hasn’t changed, the amount most of us try to cram into one has. Responsibilities are ever increasing, as are the distractions to get things done. It goes without saying that it’s impossible to increase the number of hours in a day, but finding ways to make the most of [...]
The following article was published by the IRS. The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the first in a series of reminders to help taxpayers get ready for the [...]
The following article was published by the IRS. New business owners have tax-related things to do before launching their companies. IRS.gov has resources to help. Here are some items to consider before scheduling a ribbon-cutting event. Choose a business structure When starting a business, an owner must decide what type of entity it will be. This [...]
Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or written communication from a charity for any monetary contributions. Get a written acknowledgment from the charity for [...]