Trust Protector
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Protect your peace of mind with a trust protector

Irrevocable trusts can allow for the smooth, tax-advantaged transfer of wealth to family members. But there’s a drawback: When you set up an irrevocable trust, you must relinquish control of the assets placed in it. What you can control is…
tax-advantaged retirement
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Finding a 401(k) that’s right for your business

By and large, today’s employees expect employers to offer a tax-advantaged retirement plan. A 401(k) is an obvious choice to consider, but you may not be aware that there are a variety of types to choose from. Let’s check out some of the…
Retirement
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Factor in taxes = where to live in retirement

Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your retirement decision. Income, property and sales tax Choosing a state that has no personal…
health care accounts
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Do you know the ABCs of HSAs, FSAs and HRAs?

There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care accounts costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs.…
flash reports
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Bookings vs. shippings: A sales flash report primer

Do bad sales months often take you by surprise? If so, don’t forget the power of flash reports — that is, snapshots of critical data for quick, timely viewing every day or week. One specific way to use them is to track bookings vs. shippings.…
Health Benefits Cost
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Multipronged approach to health benefits

Many companies offer health care benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care Act has been using both carrots and sticks (depending on employer size) to encourage businesses to offer…
deduct business travel while on vacation
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Deduct business travel with a vacation?

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. But tread carefully, or you might…
Workers Status
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File Form SS-8 to ask the IRS to determine a worker’s status

Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations. To…
avoid bank fraud
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3 Ways to Protect Yourself Against Bank Fraud

Electronic transactions and internet-based accounts are convenient, but present an environment that is tempting to hackers. Here are 3 ways to protect yourself against bank fraud. Here's how it happens: An ACH payment is made from your…
backing up
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Are You Backing Up Your Quickbooks Data?

We all know it’s important to back up our files, but in many cases, it takes a crisis to drive the point home. Are you backing up your Quickbooks data regularly? Here are a couple of cases in which experienced bookkeepers learned this lesson…