Kinds: Articles

Idea: Roth IRAs as an Estate Planning Tool

Roth IRAs are a great tax saving tool. The reason: Investments held in a Roth IRA are allowed to build up federal-income-tax-free. Later on, you can take federal-income-tax-free withdrawals. Obviously, a zero tax rate is the best rate going. In addition to being great tax saving tools for retirement, Roth IRAs also provide tremendous estate…

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Records Retention Guidelines to Remember During Spring Cleaning

Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it’s important to review these guidelines. Federal Tax Records Most tax advisors recommend that you retain copies of your finished tax returns indefinitely to prove that you actually filed. Even if you don’t…

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The Market Approach: A Touchstone in Valuation

The market approach, whereby appraisers use comparable “guideline companies” to help them estimate the value of a private business, has become a long-standing valuation touchstone. Two primary valuation methods are categorized under the market approach: Guideline public company method. Here, appraisers identify companies with stock (or partnership interests) that are actively traded in the public…

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Timekeeping Is a High Risk Area

Timekeeping Is a High Risk Area For most contractors, direct labor costs are usually the most significant expense charged to government contracts and usually make up the base, or largest, element used to allocate indirect costs. It is often appropriate to use historical expenses to estimate hours and costs for follow-on contracts or for government…

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Outside Insight: When Outsourcing HR Makes Sense

The ever-increasing burden of government regulation on small businesses doesn’t make compliance easy, especially when small-business owners spend so much of their time performing “nonproductive” obligations. Many small and midsize businesses today simply can’t afford to employ managers dedicated strictly to human resources. The answer may be outsourcing. Fortunately, there’s a great range of options…

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EEOC Spotlights Disability Discrimination Claims

Federal and state laws have been designed to protect disabled individuals from discrimination. Notably, the Americans with Disabilities Act (ADA) and its subsequent amendments provide legal recourse to aggrieved parties. Frequently, the Equal Employment Opportunity Commission (EEOC) pursues litigation on behalf of individuals when it believes their rights have been violated. Here’s what employers should…

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Four Steps to Protect a Special-Needs Child

Raising a child is expensive, and can cost a quarter of a million dollars, not including college. For a child with special needs, that cost can more than double.1 If you’re the parent of a special-needs child, it’s vital to ensure your child will continue to be provided for after you’re gone. It can be…

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Four Really Good Reasons to Invest

Forty-eight percent of Americans do not own any stocks, or stock-related investments, such as mutual funds, according to a Gallup poll.1 Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the reasons may not be good enough. Why Invest? To Make Money on Your…

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Tax Rules When Selling Your Home

How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of the current rules. Home Sale If you owned and lived in your home for two of the last five…

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How to Prepare for the Probable Demise of LIBOR

The London Interbank Offered Rate (LIBOR) has served as the primary reference rate for various types of adjustable-rate financial products for decades. However, its role as the finance industry’s reference rate may soon diminish in favor of a U.S.-based alternative. What is LIBOR, and why might it disappear? The Basics Unlike fixed interest rates, adjustable…

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