In the quest to reduce your tax bill, year end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three strategies that can be more effective if you begin executing them midyear: 1. Consider your bracket The top income tax rate is 39.6% for taxpayers...
A refresher on the ACA’s tax penalty on individuals without health insurance Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax penalty the ACA imposes on individuals who fail to have “minimum essential” health...
Save or shred? Retention guidelines help determine whether to keep or destroy tax records You may have breathed a sigh of relief now that the April 18 deadline to file your taxes (or request an extension) has come and gone. However, if your office is strewn with reams of paper consisting of years’ worth of...
Look beyond April 18 to the tax-related deadlines you face for the rest of 2017. While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to be aware of. To help you make sure you don’t...
Did you know that you have certain rights under the Fair Debt Collection Practices Act? Many have never encountered a debt collector. Some may be fearful or reluctant to take a debt collector's call or read letters about credit card debts they owe. Experts say consumers should face the facts and deal with debt collectors,...
