THE FEDERAL GOVERNMENT WANTS YOU TO SAVE FOR YOUR RETIREMENT SO BADLY that it will give you as much as $2,000 in a nonrefundable credit (reduces your tax liability but doesn’t give you a refund) … [Read more...] about KNOCK OFF AS MUCH AS $2,000 FROM YOUR 2012 TAX BILL
WHY DID MY EMPLOYER CHANGE ITS EMPLOYEE POLICY MANUAL FOR CELL PHONES?
Employers create Employee Policy Manuals for numerous reasons. One reason could be to manage the risk of liability for the employer. Since many employers provide their employees with cell phones, and … [Read more...] about WHY DID MY EMPLOYER CHANGE ITS EMPLOYEE POLICY MANUAL FOR CELL PHONES?
SOCIAL SECURITY STATEMENTS GO ONLINE
The Social Security Administration (SSA) has added a new feature to its website. It is called “my Social Security” and can be found at http://www.ssa.gov/ by using the “my Social Security” menu option … [Read more...] about SOCIAL SECURITY STATEMENTS GO ONLINE
EMPLOYEE & EMPLOYER PERSPECTIVES – 401(k) FEES & FIDUCIARY DUTY
In our Feb. 5, 2013 blog, we discussed the importance of periodically reviewing the performance of your 401(k) retirement funds with your investment advisor and CPA. A good example of the importance … [Read more...] about EMPLOYEE & EMPLOYER PERSPECTIVES – 401(k) FEES & FIDUCIARY DUTY
2012 RESIDENTIAL ENERGY CREDIT
The rules regarding residential energy credits are continuously changing. Homeowners who make improvements in one year may not be eligible for the tax credit, whereas they may have been entitled to … [Read more...] about 2012 RESIDENTIAL ENERGY CREDIT
IS THE LIFE INSURANCE DEATH BENEFIT PAID TO A BENEFICIARY FROM YOUR EMPLOYER-OWNED LIFE INSURANCE (EOLI) POLICY TAXABLE?
The death benefit proceeds from a life insurance policy are generally excluded from income tax. At the same time, no tax deduction is allowed for premiums paid on any life insurance policy if one is … [Read more...] about IS THE LIFE INSURANCE DEATH BENEFIT PAID TO A BENEFICIARY FROM YOUR EMPLOYER-OWNED LIFE INSURANCE (EOLI) POLICY TAXABLE?
