little girl with a piggy bank and some coins

IRS Tools Provides Information About Child Tax Credit Payments

The IRS has launched a new online tool that can help families determine whether they qualify for the Child Tax Credit (CTC) and the special monthly advance payments that begin on July 15. The interactive tool is called the “Advance Child Tax Credit Eligibility Assistant” and it can be accessed here.  In order to determine if you’re …

IRS Tools Provides Information About Child Tax Credit Payments Read More »

Man pointing at a key with the words Job Description above it

Are your company’s job descriptions pulling their weight?

At many businesses, job descriptions have it easy. They were “hired” (that is, written) many years ago. They haven’t had to change or do anything, really, besides get copied and pasted into a want ad occasionally. They’re not really good at what they do, but they’re used again and again because everyone assumes they’re just …

Are your company’s job descriptions pulling their weight? Read More »

Golden egg in a nest with the word retirement

Retiring Soon? 4 Tax Issues You May Face

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the minimum amount you must withdraw from your retirement accounts. You …

Retiring Soon? 4 Tax Issues You May Face Read More »

Father and daughter standing in front of a van

Hiring your minor children this summer? Reap tax and nontax benefits.

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, …

Hiring your minor children this summer? Reap tax and nontax benefits. Read More »