Summary: Hiring a nanny, babysitter, housekeeper or other in-home help? You may have more tax obligations than you realize. Click through to make sure you’re in compliance and avoid costly surprises. If you pay someone to work in your home — even part time or occasionally — they may be considered a household employee by […]
Summary: Family treasures — jewelry, art, real estate — are often passed down through generations. If you’ve inherited something and are thinking about selling it, you may be wondering what it’s worth and if any of the proceeds will be taxable. Click through for an introduction to the complicated tax rules involved. If you’ve inherited […]
Summary: English is the global language of business, but what happens when the White House passes an executive order making English the official language? Click through to see how this may affect your business-related operations. English continues to be the most widely used language for international business communication and operations. It serves as the primary […]
Summary: You know that your driving record and where you live help determine how much you’ll pay for auto insurance. But the car that you drive also has a significant impact on your auto insurance rates. Click through to see which cars are the most expensive to insure. Insurance providers analyze plenty of information when […]
Summary: There’s money in multitudes. The innovation of crowdfunding inverts the standard pattern of financing, which relies on a limited, select group of affluent participants. Click through for details on what may be the wave of the future. In brief, crowdfunding democratizes the traditional fundraising approach by expanding to a wider audience ready to contribute […]
Summary: Retiring with no monthly mortgage payment sounds like a good financial plan, right? Usually. But there are times when not rushing to pay off your mortgage balance before retirement makes financial sense. Click through to know what’s right for you. For many people nearing retirement age, it makes financial sense to pay off their […]
Summary: Form W-4 is completed by your employees, determining how much should be withheld from their paychecks. Choosing the correct amount of withholding is essential. Click through to learn how to guide your employees through completing the form. On your employee’s first day on the job, you are required to ask them to complete federal Form […]
Summary: If you itemize deductions on your tax return, don’t overlook medical and dental expenses. You may have had more expenses than you realize, and savings can be substantial. Click through for an introduction to a valuable tax provision. You can deduct medical and dental expenses on your Schedule A to the extent they exceed […]
Summary: As family business owners and sole proprietors approach retirement, they may face an existential dilemma: What will happen to my business when I no longer manage it? Click through for some advice on involving adult children in the transition. What, in fact, constitutes a family business? The definition covers any enterprise operated by two […]
Summary: Planning a trip outside the U.S.? Travel medical insurance isn’t required, but in some situations, it’s a smart precaution. Click through to explore when it makes sense to consider purchasing this coverage. Most U.S. citizens have health insurance, but their plans usually provide no or extremely limited protection if they are not in the […]
