Finance & Accounting

Tax Bites: Self-employed? Save more by setting up your own retirement plan

If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger contributions than you could make as an employee. For example, the maximum 2014 employee contribution to a 401(k) plan is $17,500 — … Continue reading

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Tax Bites: Donating appreciated stock can offer substantial tax benefits

Are you planning to make charitable donations before year end? Do you own appreciated stock that you’d like to sell, but you’re concerned about the tax hit? Then consider donating it to charity rather than making a cash gift. Appreciated publicly traded … Continue reading

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Tax Bites: Maximizing Depreciation Deductions in an Uncertain Tax Environment

For assets with a useful life of more than one year, businesses generally must depreciate the cost over a period of years. Special breaks are available in some circumstances, but uncertainty currently surrounds them: Section 179 expensing. This allows you to deduct, … Continue reading

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Fraud Spotlight: Fraud Prevention – Start with a Fraud Policy

The negative impact of fraud on businesses is well documented and I have commented on the statistics in past blog posts. However, many business leaders still seem unaware of the risk. In a recent fraud seminar I conducted, there was almost an … Continue reading

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Tax Bite: Watch Out for the Wash Sale Rule

If you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those investments before year end to offset your gains. This can reduce your 2014 tax liability. But if you want to minimize the … Continue reading

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