by mariettacp | Oct 25, 2013 | Money Tips
October 1 was the original deadline for employers to provide their workers with a notice about the state health insurance exchanges created by the Affordable Care Act. Failure to comply could have resulted in fines of up to $100 per day. The U.S. Department of Labor...
by mariettacp | Oct 16, 2013 | Money Tips
As schools get back in session, it’s a good time to check the education tax breaks for which you might qualify. First, there’s the “American Opportunity Tax Credit” for a percentage of qualified expenses paid during the first four years of...
by mariettacp | Oct 16, 2013 | Money Tips
All small businesses start with something in common: they devour cash. They need cash for inventory, office space, insurance, legal fees, business licenses, remodeling costs, and the list goes on. Because very few start-ups can secure equity financing from venture...
by mariettacp | Oct 14, 2013 | Money Tips
If you’re planning to adjust your investment portfolio by selling some losing stocks at year-end, take a minute to review the wash sale rules. A wash sale occurs when you sell a stock, bond, or mutual fund and buy the same or a substantially identical security...
by mariettacp | Oct 9, 2013 | Money Tips
Business tax reminder As year-end approaches, don’t overlook this option to reduce your business taxes for 2013: accelerated write-offs for business asset purchases. For example, the Section 179 immediate expensing deduction lets you write off the cost of...
by mariettacp | Oct 9, 2013 | Money Tips
In a “2013 Summertime Tax Tip,” the IRS reminded taxpayers about the current rules on home sales. Here’s a quick review of those rules. Tax Free Home Sale The tax law allows the majority of taxpayers who sell their homes to enjoy 100% tax-free profit...
