MBA News

The IRS recently announced that it has made it easier for taxpayers who hold interests in either of two popular Canadian retirement plans to get favorable U.S. tax treatment. The tax agency also took additional steps to simplify procedures for U.S. taxpayers with thes... Continue Reading

The Small Business Administration reports that small businesses pay average effective tax rates that range from about 13.3 percent for sole proprietorships to 26.9 percent for S corporations. The effective tax rate is the amount of taxes paid by a company as a percent of its net... Continue Reading

Information technology pervades almost every aspect of business these days. If someone commits fraud or theft in your business, it likely involves computers in one way or another, and that “electronic evidence” is critical in the impending investigation and... Continue Reading

If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger contributions than you could make as an employee. For example, the maximum 2014 employee contribution to a 401(k) plan is $17,500 — $23,000 if you’re age 50 or older. Look at... Continue Reading

With the financial media bombarding us with investment ideas, we are flooded with tips on how to accumulate wealth. However, you should first decide what your money means to you. Do you know why you are investing, or are you using a haphazard strategy to try to achieve an unclear... Continue Reading

Sooner or later, it will be time to “hand over the reins” to the younger generation. But it’s not as simple as walking out the door at retirement time with a few plaques in your hands. In order to improve the odds for continued success of your family business,... Continue Reading

On October 1, the U.S. Department of Labor (DOL) announced a final rule that raises the minimum wage for workers on federal service and construction contracts to $10.10 per hour. The final rule implements Executive Order 13658, which was announced by the president on February 12,... Continue Reading

When starting a new venture, there are a variety of entity choices — although some will be easily ruled out based on your operation. Most entities are governed by state statutes, with federal income tax rules and regulations also coming into play. The six basic entities... Continue Reading

Farmers and ranchers who previously were forced to sell livestock due to drought, similar to the drought currently affecting parts of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the IRS announced... Continue Reading