Records in St Petersburg Florida

Cool down with a dip into your tax records

In many parts of the country, the dog days of summer are a good time to stay inside. If you’re looking for a practical activity while you beat the heat, consider organizing your tax records. Granted, it may not be as exhilarating as jumping off the high dive, but a dip into these...
Capital Gains in St Petersburg Florida

Shifting capital gains to your children

If you’re an investor looking to save tax dollars, your kids might be able to help you out. Giving appreciated stock or other investments to your children can minimize the impact of capital gains taxes. For this strategy to work best, however, your child must not be subject to...
Change in St Petersburg Florida

Should you change your business — or transform it?

As its market and technological needs evolve, every company needs to change. There’s even a formal term for the undertaking: “change management.” From an operational standpoint, change involves opening up the hood and switching out old engine parts for new ones. Even if it...
Social Security in St Petersburg Florida

How Much Will Social Security Recipients Collect Monthly in 2018?

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase just 2.0% in 2018, the federal government recently announced. The 2.0% cost-of-living adjustment (COLA) will begin with benefits that more than 61 million...
Telecommuters in St Petersburg Florida

Mitigating Workplace Injury Risks for Telecommuters

First, the good news. The Occupational Safety and Health Act (OSHA) generally doesn’t cover your employees’ home offices. The Department of Labor (DOL) states that home-based workplaces aren’t explicitly excluded by OSHA, but the law doesn’t hold employers...
Cash Balance Plan in St Petersburg Florida

Accelerate your retirement savings with a cash balance plan

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning...
Age Discrimination in St Petersburg Florida

Know How Age Discrimination Enforcement is Evolving

If the Age Discrimination in Employment Act (ADEA) were a person, he or she would have been subject to its own protections a decade ago, when the law turned 40. On the ADEA’s 50th birthday earlier this year, Victoria Lipnic, the acting chair of the Equal Employment...
Education in St Petersburg Florida

How to Maximize Tax Breaks for Work-Related Education Costs

School is back in session. So, it’s time for a refresher on tax breaks for work-related education expenditures. Here’s what individual taxpayers need to know. American Opportunity Credit The American Opportunity credit equals 100% of the first $2,000 of qualified...
Installment Sale in St Petersburg Florida

How to Save Tax with an Installment Sale

Are you planning to sell real estate before the end of the year? Naturally, you hope to entice a qualified buyer who has plenty of cash on hand. But being open to the idea of an installment sale may help you seal the deal. Fortunately, installment sales also offer tax savings for...
Living Trusts in St Petersburg Florida

Wills and living trusts: Estate planning imperatives

Well-crafted, up-to-date estate planning documents are an imperative for everyone. They also can help ease the burdens on your family during a difficult time. Two important examples: wills and living trusts. The will A will is a legal document that arranges for the distribution...
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