mconnolly54Jul 3, 20192 minConsider a Roth 401(k) plan — and make sure employees use itRoth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the
mconnolly54Jul 3, 20192 minCheck on your refund — and find out why the IRS might not send itIt’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their...
mconnolly54Jul 3, 20192 minWhat type of expenses can’t be written off by your business?If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions...
mconnolly54Jul 3, 20192 minPlug in tax savings for electric vehiclesWhile the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in...
mconnolly54Jul 3, 20193 minEmployee vs. independent contractor: How should you handle worker classification?Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s...
mconnolly54Jul 3, 20192 minCasualty loss deductions: You can claim one only for a federally declared disasterUnforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act,...
mconnolly54Jul 3, 20192 minHow entrepreneurs must treat expenses on their tax returnsHave you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And...