Monthly Archives: September 2012

Deducting Charitable Contributions: Eight Essentials

Donations made to qualified organizations may help reduce the amount of tax you pay. With that in mind, here are eight tips to help ensure your contributions pay off on your tax return. 1. If your goal is a legitimate tax deduction, then your charitable contributions, whether a cash donation or non-cash gifts such as…
Read more

Special Tax Benefits for Armed Forces Personnel

Military personnel and their families face unique life challenges with their duties, expenses and transitions. As such, active members of the U.S. Armed Forces should be aware of all the special tax benefits that are available to them. 1. Moving Expenses. If you are a member of the Armed Forces on active duty and you move…
Read more

A SIMPLE Retirement Plan for the Self-Employed

Of all the retirement plans available to small business owners, the SIMPLE plan is the easiest to set up and the least expensive to manage. These plans are intended to encourage small business employers to offer retirement coverage to their employees. SIMPLE plans work well for small business owners who don't want to spend a…
Read more

Employee Relocation in a Down Market

Many companies have questions about what to do with an employee's home when he or she is moved to a new job location, especially when the real estate market is in a downturn throughout much of the country. Typically, the employer wants to protect the employee against financial loss on a "forced" sale of the…
Read more