The Financial Insights eNewsletter is comprised of important and informative articles related to businesses, entrepreneurs and individuals. The articles cover a broad range of topics from retirement to new accounting laws and regulations.
The mortgage interest deduction is one of the most popular in the whole tax code; however, it is more complicated than it first appears.
The vast Consumer Electronics Show (CES), which is held in January every year, overwhelms attendees with a huge range of new products from automobiles, TVs and skateboards to laptops, gamepads and devices for smart homes. Trying to pick winners amidst such a wealth of innovative products and gadgets is like comparing apples to oranges.
The Congress at Work series of articles is designed to give you a glimpse of various types of legislation currently under consideration. While either the Senate or the House of Representatives may initiate a bill proposal, be aware that many bills never become law; they may never make it out of committee, be blocked by a Senate filibuster, delayed, lack enough votes, never be agreed upon by the two houses, or vetoed by the president.
Hiring. It’s an essential part of running a business. However, it’s not as easy as it seems. Simply placing an employment ad on your website will likely get tens, if not, hundreds of random resumes. However, combing the traditional hiring process with social media can tweak the process to make it more effective and efficient.
The big issue for tax planning with trusts is who gets the tax liability. Different trusts attach the tax liability to different sources. This is important because it determines how the trust impacts income taxes versus estate and gift taxes.
Tax refund fraud is on the increase. Taxpayers caught in these scams often spend months trying to resolve the problem and get the refund they deserve. Authorities suspended some state electronic tax filings (federal returns were unaffected) at the beginning of February in response to a flurry of fraudulent returns. The FBI is involved in investigating the situation.