Are solar panels becoming more affordable for the average homeowner? Would solar panels help you save money on your energy bills? There have been a considerable number of changes in the solar panel marketplace over time. Click through to see if solar panels have a place in your home. Solar panels have become more popular […]
While the basic tax implications of the business entity you opt for remain the same as in past years for the most part, additional details have been added for 2023. Click through to learn about deduction suspensions and credits, both of which are important to understand this year. The form that your business is categorized […]
Did you know that 401(k) plans are subject to numerous legal compliance requirements? Click through to read about the importance of reviewing plan requirements so that you can be compliant and avoid losing favorable tax benefits, resulting in your program being shut down.As an employer, one of your main goals should be keeping your employees […]
When you buy a home, you will receive a tax break, known as a home mortgage interest deduction, over the years. While a tax break sounds amazing at face value, it might shock you to hear that fewer and fewer American homeowners are taking advantage of the home mortgage interest deduction. Click through to learn […]
All money is still only money, but savers and investors easily fall prey to the fallacy of creating mental categories for dealing with their assets. This may depend on how the investor earned their money or if they feel an emotionally attachment to their dollars. Click through to learn about a more rational way of […]
Do we face a dystopic future when robots take over the workplace, not to mention the world itself? Or will robots free us to do more creative tasks? Click through for some thoughts on the next steps of automation.Technological advances often become a double-edged sword. For instance, when Eli Whitney invented the cotton gin at […]
This is one of the most misunderstood taxes. Many people think that any gift means they or the recipient must pay a tax. But that’s not the case. Click through to see what a gift tax really means, so you don’t pay when you don’t have to. In brief, the IRS is not imposing a […]
In today’s world, digital assets include everything from documents that have been saved virtually in the cloud to e-commerce products and virtual currency. Click through to learn about how you can create a safe atmosphere for the preservation and protection of your company’s digital assets. Digital estate plans are effective ways by which you can […]
In certain sectors, employees are often “on-call”—not exactly working but not exactly off-duty. The rules regarding pay in such situations are complex. Click through for an introduction to on-call pay, and your responsibilities as an employer. Under the Fair Labor Standards Act, whether employees should receive on-call pay depends on whether the time spent on […]
As an employer, you face the important task of withholding payroll taxes for employees and paying them to the government. It can get complex, so you need to have a formal process. Click through for the details to make sure you’re on top of this responsibility. Employers generally must withhold income tax from employees’ wages. […]