When job seekers go through a job ad, the first thing that always draws their attention is the salary section. If it is not satisfactory, they move on in their search. Just like it...
Posted by Rosovich & Associates, Inc. on 01/09/2022
Parents who want their kids to learn proper money management skills must have access to some money. Most gifts are limited in terms of their usefulness because toys will break, or...
Posted by Tiffany Gaskin on 09/26/2021
With a health savings account (HSA), anyone that has a high deductible health plan that qualifies can use pre-tax dollars for approved medical expenses. The money is kept using an...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/25/2021
Freelancers often have much more freedom than their traditionally hired colleagues, but they also face unique challenges. One of the most important is the lack of an employer-sponsored...
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...
Tax season is in full swing, as are the phone scams that claim to be from the IRS. Scammers are using new tactics, and some will call to say they have your tax return and just need...
First, the similarities: 529 custody plans and accounts, such as the UGMA (Uniform Gifts to Minors Act) or UTMA (Uniform Transfers to Minors Act), offer parents other ways to help...
Under the cash method of accounting, not only is income recorded in the year in which it was received, but income is also reported in the year in which it is constructively received.The...
529 state-run plans have always had tax benefits, but recent federal tax law changes have made them even more attractive to many families. Here's what you need to know to get the...