Summary: The IRS recognizes a couple dozen different kinds of nonprofits, but the most common is probably the 501(c)(3), a tax-exempt charitable organization. Click through for an overview of the complex process of launching one. The typical charity is organized as a 501(c)(3) entity, and if you’re planning to set one up, roll up your sleeves: […]
Summary: HIPAA, a law passed in 1996, protects people with health conditions from being discriminated against in health insurance and protects your medical records. Click through to learn just how important HIPAA can be and how it affects you. The Health Insurance Portability and Accountability Act protects Americans with health-related conditions from exclusions, limitations […]
Summary: Municipal bonds are issued by states and municipalities. Their most appealing features are their tax-exempt and lower-risk status. Are they right for you? Click through to read more about the pros and cons of tax-free municipal bonds. Municipal bonds are stable, income-producing vehicles that are used to fund local and state government projects, such as […]
Summary: The traditional 9-to-5 job is getting rarer by the minute as employees clamor for flexible work. This new trend, if managed right, can benefit everyone. Click through to see how flexible work influences retention. In a flexible work arrangement, employees typically get to choose their work location and their work arrival and departure […]
Summary: Many homeowners believe their property taxes are etched in stone and that the rates calculated in municipal offices cannot be changed. Click through to learn how your town arrives at your tax rate and how you may be able to change it. Property taxes can be confusing, as there doesn’t appear to be […]
Summary: New entrepreneurs think about production, marketing, sales and human resources — but often forget the tax angle. You need to be on top of your IRS situation from day one. Click through for an overview of taxes for new businesses. Have you given thought to your tax responsibilities, and the choices you need to make […]
Summary: It doesn’t matter whether your business brings in $50,000 a year or $50 million — it needs an effective bill-paying system. Click through for some tips on building and managing an efficient accounts payable process. The term “accounts payable” encompasses almost all the non-payroll payments a business makes. It’s an integral part of […]
Summary: Contrary to popular belief, you don’t need to be a Silicon Valley billionaire to create a trust. How do you know if a trust is the right tool for you? Click through to see why a trust can be a useful estate-planning tool for lots of people. A trust can be a useful […]
Summary: Filing an amended return can be a nuisance, but the IRS has made it a little easier by allowing taxpayers to file Form 1040-X electronically for the first time. Click through to see how this change simplifies the process. The IRS has announced that taxpayers can now file their Form 1040-X, Amended U.S Individual Income Tax […]
Summary: Not everyone who works for you is an employee. Some may be independent contractors. This means a simpler tax situation for you, so the distinction is important. Click through for tips on figuring out what kind of workforce you have and how to handle your tax responsibilities. Are your employees really employees, or […]
