3 09, 2017

Understanding Employee vs. Contractor Designation

By | 2017-09-03T03:08:44+00:00 September 3rd, 2017|IRS|0 Comments

  Worker classification is important because it determines if an employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Businesses normally do not have to withhold or pay any taxes on payments to independent contractors. The earnings of a person working as an independent contractor are subject to self-employment tax. [...]

3 09, 2017

16 things to know before you begin taking Social Security benefits

By | 2017-09-03T02:35:09+00:00 September 3rd, 2017|Social Security|0 Comments

16 things to know before you begin taking Social Security benefits What you don't know about Social Security can cost you.  Social Security may very well be the most important social program in this country: It is tasked with providing a financial foundation for tens of millions of seniors. Yet many retirees, and probably a [...]

3 09, 2017

Information on Identity Theft for Business, Partnerships and Estate Trusts

By | 2017-09-03T02:30:16+00:00 September 3rd, 2017|IRS|0 Comments

Information on Identity Theft for Business, Partnerships and Estate Trusts Businesses, partnerships and estate and trust filers increasingly are targeted by national and international criminal syndicates who use stolen data to file fraudulent tax returns for refunds. In the past year, the Internal Revenue Service has noted a sharp increase in the number of fraudulent [...]

3 09, 2017

Accumulated wealth? Here’s what to do next

By | 2017-09-03T01:42:07+00:00 September 3rd, 2017|Retirement|0 Comments

Accumulated wealth? Here's what to do next At some point in your life, you might accumulate enough wealth where you no longer feel comfortable going alone when it comes to managing your finances and investments. Perhaps you received an inheritance, saved $100,000 in your retirement account or earned a big bonus. Or maybe you just [...]

3 09, 2017

Know your Taxpayers Bill of Rights

By | 2017-09-03T01:37:02+00:00 September 3rd, 2017|IRS|0 Comments

Know your Taxpayers Bill of Rights IRS Summertime Tax Tip 2017-21, August 18, 2017 Every taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The “Taxpayer Bill of Rights” groups the taxpayer rights found in the tax code into 10 categories. Know these rights when interacting with the [...]

3 09, 2017

Social Security beneficiaries may get biggest raise in 6 years

By | 2017-09-03T01:27:44+00:00 September 3rd, 2017|Social Security|0 Comments

Social Security beneficiaries may get biggest raise in 6 years Social Security beneficiaries are projected to receive a 2.2% cost-of-living increase next year, the most since 2011, the trustees who oversee the program said Thursday. That would be about $30 a month for the average retired worker. But It's a relative bonanza compared to the 0.3% [...]

3 09, 2017

Beam me up? Scientists teleport first object ever from Earth into space

By | 2017-09-03T01:22:25+00:00 September 3rd, 2017|CPA Firm Orlando|0 Comments

Beam me up? Scientists teleport first object ever from Earth into space Chinese scientists successfully teleported an object from the Earth's surface to an orbiting satellite for the first time ever. A photon — a tiny sub-atomic particle — was "transported" from the Gobi Desert to China's Micius satellite some 310 miles above the surface. The Guardian reported it's a new [...]

3 09, 2017

How tax reform could hit charitable giving

By | 2017-09-03T01:15:09+00:00 September 3rd, 2017|Taxes|0 Comments

How tax reform could hit charitable giving Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax [...]

3 09, 2017

US tax reform hopes become mired in foreign cash piles

By | 2017-09-03T01:17:09+00:00 September 3rd, 2017|Taxes|0 Comments

US tax reform hopes become mired in foreign cash piles Republican attempts to make progress on tax reform after the party's failure on healthcare are being undermined by a lack of consensus on handling US companies' offshore earnings, an issue set to spark fierce lobbying and discord. The White House and Republican lawmakers want to [...]

7 08, 2017

Americans Keep Crushing It with Their 401(k)s

By | 2017-08-07T13:00:39+00:00 August 7th, 2017|CPA Firm Orlando|0 Comments

Americans Keep Crushing It with Their 401(k)s  The stock market is fueling all-time highs in retirement account balances, with the average IRA breaking into the six figures. It’s happened again: Retirement savings account balances have hit all-time highs. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, according to second-quarter data from Fidelity [...]