Are you part of an Employee Benefit Plan or EBP? In the following BDO Seidman article, we discuss what happens when you don’t take advantage of such plans, and how you could be forfeiting a sizable personal investment. *
Does Your Business Have A Retirement Plan In Place?
If you answered no, you may want to consider the benefits to you and your employees a retirement plan can offer. A few of these benefits are a tax deduction for your contributions, the assets grow tax-free with compounding interest, and it is another benefit you can offer to attract and retain better employees.
IRS New Voluntary Disclosure
The Internal Revenue Service announced on February 8, 2011, a new voluntary disclosure initiative to encourage individuals with undisclosed income from hidden offshore accounts to get current with their federal tax obligations.
Mortgage Interest And You
The mortgage interest deduction has become one of the most popular itemized deductions on personal income tax returns. As home prices and home mortgage loans have dramatically increased, many people mistakenly believe that all home mortgage interest is deductible.
Selling Your Residence?
If you own your home, but are getting ready to sell, there are some tax exclusions you may need to be aware of.
Will All Leases End Up On The Balance Sheet?
Accounting for leases can be difficult when representing them on financial statements.
Small Businesses Optimistic About Growth
The results of a recent survey show that small businesses are poised for progress.
New Information for Establishing Operating Reserves
Operating Reserves can be quite complex. The words “operating reserves” can mean many things to many different people, and the first thing that must be done is establishing the definition and the expectations of the stakeholders.
New Requirements For Rental Property Owners
If you are an owner of rental property, you may need to know about some changes that will be part of 2011 filing requirements.
Estate Tax Relief Provisions
Are you an executor of an estate? The legal and tax ramifications can be daunting. However, Congress has provided some relief from the burden of taxation.