Tax Planning Begins Now! Now that the end of the year is approaching, be sure to contact the office for a tax planning appointment if you’ve encounted aany significant changes in your tax lives like a sudden increase in wealth or maybe even a loss. With rate changes...
Flexible Spending Account Changes Flexible spending accounts (FSAs) are popular with employees because they permit the use of pretax dollars for payment of medical expenses and dependent care costs. If you use an FSA, be aware that changes are scheduled beginning...
More on SIMPLE Plans SIMPLEs (Savings Incentive Match Plans for Employees) are available in two forms – SIMPLE IRAs and SIMPLE 401(k)s. SIMPLE plans are generally available only to small businesses that don’t maintain any other retirement plan. If your business has...
Have you considered a SIMPLE plan for your business? Many sole proprietors and small business owners agree on the following two issues: they pay too much in taxes and they have difficulty attracting and retaining good employees. One way to address both of these...
How to succeed in a new business If the current job market has you thinking about starting a business of your own, take some steps to increase the odds that your business will succeed. * The first step is an honest self assessment. Common characteristics of a...
Tax Amnesty in Rhode Island Rhode Island has just announced a new Tax Amnesty program. Any person or business owing delinquent state taxes can pay them back free of penalties and civil and criminal prosecution — and RI will reduce the interest rate by 25 percent....
