News


How Can A 529 Plan Help You Save For College?

22

Sep 2016

How Can A 529 Plan Help You Save For College?

First things first, a 529 plan is a state or educational institution savings plan created to help families save for college! Almost every state has an available 529 plan, and they can be used to help with the cost of qualified colleges all over the nation. Not sure if your college qualifies? Take a look at the list of eligible institutions here. So, how do…

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One Major Tax Law Every Homeowner Should Know About

16

Sep 2016

One Major Tax Law Every Homeowner Should Know About

Planning on selling your home? You may qualify for a deduction that every homeowner should know about. The $250,000/$500,000 exclusion is an extremely valuable tax law for homeowners. So, how do you know if you qualify? First, you must own and occupy your house for at least two years before you sell it. This can include condos, apartments, mobile homes, as well as stock-cooperative. If…

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“Brexit”: How Might It Affect The U.S. Economy?

25

Aug 2016

“Brexit”: How Might It Affect The U.S. Economy?

The United Kingdom’s “Brexit” from the EU might not actually occur until 2019. Britain’s government said that it has been too “chaotic” to start with what would be a two year long process. On June 23rd, the nation voted to leave the EU, but it is having trouble deciding when would be the best time to activate “Article 50,” which is the clause that will…

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Are Retail Sales Helping or Hurting Your Business?

24

Aug 2016

Are Retail Sales Helping or Hurting Your Business?

Retail sales have been losing steam in recent months as Americans cut back on their retail spending, showing a growing moderation in consumption. More data indicated the biggest drop in producer prices recorded in almost a year, amongst decreasing costs for energy goods and services. With consumer spending decreasing and inflation stable, The Federal Reserve will probably keep interest rates where they’re at. July’s retail…

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Stay Up-To-Date On Final Overtime Rules

17

Aug 2016

Stay Up-To-Date On Final Overtime Rules

As of December 1st, 2016 the Department of Labor (DOL) has increased the minimum salary requirements for exempt administrative, professional, and executive employees. These exempt employees are immune from the The Fair Labor Standards Act (FLSA), which explicitly states that employers MUST pay their employees at least the minimum wage amount (which varies by state and municipality) for all hours worked. Employers must also must…

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How To Know If You Owe Gift Tax

07

Jul 2016

How To Know If You Owe Gift Tax

Are you a generous person? If you’re someone who loves the act of gift giving, you may have heard of the gift tax. The federal gift tax applies to those who have given large gifts or sums of money to friends or relatives. Here’s how to find out if you’re one of the lucky few that has to pay gift tax. The first thing to…

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Is Student Loan Debt Holding You Back?

16

Jun 2016

Is Student Loan Debt Holding You Back?

Everyone knows that putting money away for retirement is a smart idea. But what if something was standing in the way of building that nest egg? A recent poll from AICPA shows that student loans have been directly affecting adults in the United States that are trying to save for retirement. The poll states that half of those that either have student loans or who…

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Worker’s Compensation- Is It Absolutely Necessary?

30

May 2016

Worker’s Compensation- Is It Absolutely Necessary?

Worker’s compensation insurance is a required, state-specific law that provides employees monetary relief in the event of any injuries or accidents that occur as a result of employment. In California, employers are required to have worker’s compensation for their employees under Labor Code Section 3700 even if they only have one; employers are not required to obtain worker’s compensation for independent contractors whose services are enlisted by the employer. However, it…

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Deadline Approaching: April 18th is the Last Day to File Taxes

13

Apr 2016

Deadline Approaching: April 18th is the Last Day to File Taxes

Still haven’t filed your taxes yet? Time is running out! Monday, April 18th is the last day to file taxes for 2015. Why the later date? The Capitol will be celebrating Emancipation Day on April 15th, giving you three extra days to get those pesky returns over to the IRS. Estimated tax payments are also due on April 18th. If you need some more time…

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