Solutions to Make Better Decisions with Your Taxes and Money

Archives for January 2016

What You Need to Know About the Health Insurance Penalty

With the Affordable Care Act (ACA) came the requirement that nearly every American must have health insurance. This requirement is sometimes called the individual mandate. Yet, despite the strict requirement, many people who are healthy wonder if obtaining insurance is really worth it financially. The same question is often raised – should I pay for insurance if […]

Common Mistakes to Avoid When Shopping for Health Insurance

Shopping for health insurance may not be at the top of anyone’s list of fun things to do. However, with just a little preparation, it can take just a few minutes to shop and enroll in a plan that best fits your needs. To help save you time (and a little money) while shopping, here are a few […]

6 Steps to Minimizing Taxes on Retirement Income

If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is an important part of creating a successful retirement plan. You can live on a lot less if you’re not sending a large portion of your money to the Internal Revenue Service (IRS) every year. For […]

Can a private marketplace be a good benefits solution for you?

The health insurance industry has had its share of the spotlight the last few years, and we’ve seen the way that employers offer health benefits shift along with the headlines. With the all of the noise, figuring out what solution is right for your organization might be a little overwhelming.

Several Tax Breaks for Businesses Extended

By Mark Jaeger, Director of Tax Development, TaxAct In December 2015, Congress gave business owners a nice year-end gift by approving a bill that extended many expired or expiring tax breaks for business owners. The Protecting Americans from Tax Hikes (PATH) Act includes several provisions that may reduce your business taxes. Key business tax provisions […]

Three Ways You Benefit From Offering a Retirement Savings Plan

As a business owner, you know how challenging it can be to attract and retain talented employees. What you may not know is that a retirement plan is among the most sought after benefits for American workers, second only to health insurance.

6 Tips for First Time Tax Filers

There’s a good chance you’ve heard people complain about having to file their taxes. And perhaps you’re a bit intimidated as a result. But, filing your taxes for the first time probably isn’t as bad as you think. Most first time tax filers just need to learn a few tax filing basics. Here are a […]

14 Key Small Business Deductions for 2015

One of the great benefits about being a small business owner is that you may be able to deduct many business expenses that you would not be able to deduct if you were an employee. Those deductions don’t just reduce your income tax. When you take business tax deductions, you also reduce your income subject […]

1099-MISC Deadlines for 2016 and New State Filing Requirements

Mark your calendar now so you don’t miss any important deadlines when preparing and filing documents. 2016 Federal forms – recipient and IRS e-file deadlines The following table includes key dates you’ll want to remember for transmitting important tax forms and for e-filing them with the IRS. Note: 1095-C dates have been revised as per […]

Take the pledge and enter for a chance to win $10,000!