According to a spokesperson from the Risk Unit of Marquette University of Milwaukee, Wisconsin, "Establishing effective internal controls can help a department operate more efficiently and effectively and provide a reasonable level of assurance that the processes and products for [...]
You're in business to make money to feed your family, send the kids to college or drive the sports car of your dreams. But when you're a shareholder in an S corporation, how and how much you get paid can [...]
Of particular relevancy to contractors is the research and development tax credit, a tax incentive program. Also known as the research and experimentation tax credit or the research tax credit, it allows companies to work at maximum efficiency, Many wrongly [...]
For tax purposes, gift givers, rather than gift recipients, have to pay gift tax. But you won't owe the gift tax until you've given away more than $5 million in cash or other assets during your lifetime. It sounds [...]
Despite all the "huffing and puffing" by the politicians, the Affordable Care Act is still with us. But that doesn't mean there haven't been changes. The IRS requires the filing of two pairs of forms: Form 1094-B, Transmittal of [...]
The sooner you plan, the more prepared you'll be for life's unexpected twists and turns. You can start now, regardless of your net worth. You might still be paying off student loans or credit cards for the foreseeable future. [...]
In this life, owning property in more than one state — such as a vacation beach house just over the state border from your principal residence — is a dream come true. But when you die, owning property in [...]
The term "distributions" refers to money withdrawn from a retirement plan. Generally, traditional IRA and 401(k) account holders are eligible to take penalty-free distributions at age 59 1/2, but the IRS doesn't require distributions until you turn 70 1/2. [...]
Is This Your Situation: Figuring Out Why You Need a Business Valuation Business valuations are often essential when you're trying to sell, but there are other reasons for getting one. A business valuation can help do the following: Strengthen [...]
How Do 125 Plans and HSAs Work Together? A cafeteria plan is a reimbursement plan governed by IRS Section 125, allowing employees to contribute a certain amount of their gross income to a designated account or accounts before taxes [...]
