February 4, 2015
Women Face Unique Retirement Challenges
Although it is improving, there is an economic cost to being a woman that reverberates into retirement. It results from multiple long-term socioeconomic conditions.
January 29, 2015
Checklist Helps Tax Professionals Keep Track of Healthcare Law Reporting Requirements
The 1040 Checklist for Determining Minimum Essential Health Insurance Coverage was developed by the tax experts at Thomson Reuters and focuses on two new reporting requirements that will figure prominently on many 2014 Form 1040 returns: The premium tax c
January 26, 2015
3 Ways Obamacare Affects Income Tax Returns
Unless you’ve been way out of touch, you probably know that a key part of the Affordable Care Act (ACA), aka Obamacare, requires that taxpayers have qualifying health care coverage. Those without will need to qualify for an exemption, or pay a penalty.
January 24, 2015
How 401(k) Plans Save Money and Reduce Taxes
Are you participating in an employer-sponsored retirement plan? If your company has one, consider yourself fortunate. But if you’ve been ignoring whatever your company is offering, this year make a resolution to get the facts. A good retirement plan will allow you to defer taxes on whatever you contribute to your 401(k) account until you...…
January 21, 2015
Self-Employed Workers Respond to Obama State of the Union Address: Ask for Income Tax Equity, Changes to Healthcare
Supporting the middle class means helping the small business community, too, said a national association in response to President Obama's State of the Union speech on Tuesday evening.
January 15, 2015
The Benefits of Open Book Finance
It’s a practice known as open-book finance and is used by more than 4,000 companies around the world, including Southwest Airlines, Harley-Davidson, and Whole Foods. Baker has studied open-book finance at several organizations and published a related case
January 12, 2015
AICPA Personal Financial Planning Conference Starts Next Week
Economic and political uncertainty, the effects of the Affordable Care Act, and estimating the true cost of retirement are just some of the factors creating a complex and challenging financial landscape for Americans. This year’s AICPA Advanced Personal Financial Planning Conference, held at the Bellagio Hotel in Las Vegas January 19-21, will give planners the necessary...…
January 8, 2015
Ensuring Success 2014 – Session 3: Benefits of Taking Bookkeeping Out of the Back-Office and Into the Cloud
In this session you will learn how a cloud-based business payment service can reduce time spent and improve organization and control over the accounts payable and accounts receivable processes.
January 8, 2015
Taxpayers Barely Avoid a Tax Hike On Commuter Benefits
The new tax extenders law enacted in 2014 – the Tax Increase Prevention Act (TIPA) – preserved a key tax break for commuters. Under TIPA, a higher tax-free monthly allowance for mass transit passes and vanpooling was approved for 2014, retroactive to ...
December 26, 2014
The Tax Benefits of Buying a New Car Before the End of the Year
Under the new tax law signed by the president on December 19, taxpayers can claim an optional tax deduction on their personal 2014 returns for state sales tax paid this year. And the sales tax you pay on a vehicle – usually, a significant amount – may ...
December 22, 2014
CBIZ Offers New Affordable Care Act Compliance System
The employee benefits provider and insurance advisory consultancy CBIZ has released CBIZ ACA CheckPoint, a platform offering the advanced availability of ACA reporting and compliance tools and expertise. The system was developed in conjunction with SyncSt
December 17, 2014
Another Epic Fail For the IRS and ObamaCare?
It would be nice to believe that with years to prepare, the Internal Revenue Service is prepared to manage the complexities of verifying insurance qualifiers for Obamacare, collecting the $95 from those who owe a penalty, and easing the way for the ...