MBA News

The authorities on tracking the expectancies of Americans is known as the Society of Actuaries. The information they collect and process is then used for pricing insurance contracts and making pension benefit cost projections. Recently, they have reset the longevity averages for... Continue Reading

With the 2015 tax year right around the corner, there is good news coming from the IRS. According to a recent announcement, the tax agency has increased several tax breaks due to inflation adjustments. Here is a rundown of some of the changes: Contributions to 401(k) and 403(b)... Continue Reading

Unless you have capable successors and employees, your closely held business may not survive. Therefore, strategies to identify, retain and reward key employees are a must. There are numerous methods for rewarding a key employee’s commitment, loyalty and hard work. The most... Continue Reading

Appreciating investments that don’t generate current income aren’t taxed until sold, deferring tax and perhaps allowing you to time the sale to your tax advantage. Review your year-to-date gains and losses now to see if selling any additional investments by Dec. 31 can reduce... Continue Reading

If you’re contemplating buying a second home by the ocean, mountains or warmer surroundings, you’re not alone. Approximately 717,000 vacation homes were purchased in 2013. That equals about 13 percent of the total homes bought last year — their highest market... Continue Reading

Generally, one of the requirements for maintaining a corporation’s existence (and the liability protection that it affords) is that the shareholders and Board of Directors must meet at least annually. Although most people view this requirement as a necessary evil, it doesn’t have... Continue Reading

If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business vehicle before year end. Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, which allows you to expense, rather than depreciate over a period... Continue Reading

Wishing you and your family a wonderful day! Continue Reading

As the holidays approach, the shopping season is also just a few short weeks away. If you’re gearing up for Black Friday and Cyber Monday, make sure you create a realistic budget for gift-giving first. Think twice about your spending habits and plan your shopping, then do... Continue Reading