Blog Archives

IRS: Home Office Deduction Often Overlooked by Small Business Owners

Regular Method The first option for calculating the Home Office Deduction is the Regular Method. This method requires computing the business use of the home by dividing the expenses of operating the home between personal and business use. Direct business

Posted in Do You Know, Retirement Plans, Small Business Needs, Tax deductible, Tax Planning and Deductions Tagged with:

SMALL BUSINESS OWNERS & RETIREMENT

A financialadvisoriq.com piece interestingly notes that “most small business owners in the U.S. haven’t put away for a comfortable retirement and could be betting too much on selling their business to fund it, according to a recent survey from BMO

Posted in 401k, Asset Allocation, News, Pension Parameters, Planning for Longevity, Small Business Needs Tagged with: ,

ROLLOVER IRAs

“These days, with pensions a rarity and opportunity for salary growth often coming from a move to a new company, it is neither uncommon nor the subject of much stigma to be employed by many different firms throughout your working

Posted in Retirement Plans, ROTH, Small Business Needs, Tax Planning and Deductions

COMBATTING LOW INTEREST RATES

“Central bankers and governments must come up with new policies to buffer their economies against persistently low interest rates that threaten to make future recessions deeper and more difficult to avoid,” reported Ann Saphir in an interesting reuters.com piece headlined

Posted in 401k, Boomer Retirement, Company Retirement Plans, Do You Know, Retirement Plans, Small Business Needs Tagged with:

IRS Regulations Provide Guidance for New Voluntary Certification Program; Application Process for Professional Employer Organizations Opens July 1

WASHINGTON — The Internal Revenue Service released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations (PEOs). The regulations, available today in the Federal Register, carry out legislation enacted in late 2014 requiring the IRS

Posted in Retirement Plans, Small Business Needs, Tax deductible Tagged with: ,

For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping

small-business-word-cloud-shop-local-community-stores

WASHINGTON —The Internal Revenue Service [on Nov. 24] simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital items. The change affects businesses that do not maintain

Posted in Pension Parameters, Retirement Plans, Small Business Needs, Tax Planning and Deductions Tagged with:

Plan now to Use Health Flexible Spending Arrangements in 2016; Contribute up to $2,550; $500 Carryover Option Available to Many   

WASHINGTON ― The Internal Revenue Service [on Nov. 12] reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2016. FSAs provide employees a way to

Posted in Retirement Plans, Small Business Needs, Tax Planning and Deductions Tagged with: ,

401(k) AS AN ESSENTIAL BENEFIT

Real estate, it’s often said, is about location, location, location. In the work force, it’s increasingly about benefits, benefits, benefits. And when it comes to benefits, as Paula Aven Gladych writes in an interesting benefitnews.com piece, a workplace-sponsored retirement plan

Posted in 401k, Boomer Retirement, News, Pension Parameters, Retirement Plans, ROTH, Small Business Needs Tagged with: ,

SECOND-QUARTER SCORECARD

In a numbers-running vein, we were drawn to this thinkadvisor.com story headlined Mutual Fund Performance in Q2 Barely in the Black: Lipper , with the subhead Global stocks beat U.S. equities in the second quarter; mixed-asset funds head into the

Posted in Asset Allocation, News, Pension Parameters, Retirement Plans, Small Business Needs Tagged with: , , ,

A SHOUT-OUT FOR AARP BULLETIN

We Seinfeld fans certainly remember the classic episode in which Kramer, fed up with a seemingly never ending stream of catalogues deposited in his mail box, takes his complaint to the Post Office. That comes to mind because although it’s

Posted in Do You Know, Protect Your Family, Retirement Plans, Small Business Needs Tagged with: , ,