20 Simple and Inexpensive Things You Can Do to Improve Your Firm’s Employee Benefit Plan There are likely plenty of easy ways to make your employee benefit plan dollars go further: Host an occasional, informal and voluntary on-site meeting where employees can ask an independent adviser questions about their benefits. Host occasional, informal and […]
I took comfort in John McCain’s final message this week. I do tend to despair in seeing that our lives, our finances, our whole planet are in far worse shape than ever before while some of those around us don’t even recognize the problem. Many of the people who continue to enable government to destroy […]
I’ve been practicing in the employee benefits field for 37 years and I can’t remember being as surprised as I was reading IRS Private Letter Ruling 201833012 released on last Friday. Never before has there been any tax advantage to student loan payments (typically made to an outside financial company) through connection with an employer plan. […]
Take advantage of the most generous part of the Tax Cuts and Jobs Act, known as Section 199A by; 1) Exploring whether your business CAN benefit, and 2) Settling protocol to make sure that your business DOES qualify based on the 184 pages of proposed regulations just released this month. The important thing is to […]
Use your full legal name consistently on all tax forms to save time and headaches. Listen to the podcast.
Most accountants, as far as I can tell, are concerned about unsustainability of our national deficit spending. This recent tax cut was a big step in the wrong direction. My latest podcast discusses the basics.
I’ve written a series of posts on the theme that investors have good reason for concern about cryptocurrency investments. The latest concern is Tether. Here’s what we know: Tether is the second largest cryptocurrency behind Bitcoin. Tether claims to be backed by US dollars, therefore eliminating market value fluctuation risk. Despite its massive market trading […]
The biggest tax news of the year came out buried inside the pages of a report issued last month by the General Accounting Office. I call this the ‘biggest news’ because it adversely affects almost 30 million people. The people most likely to be affected are upper middle income taxpayers – in other words, my […]
I’ve toyed with “multi-media” formats for several years, not really knowing what this term means, what my goals are, and how to make a plan to get there. The NJCPA offered their studio and produced a few segments and I’ve tried Facebook Live, YouTube and Vimeo. This week I’m moving forward with podcasting with more […]
This podcast discusses the two main issues controlling a Health Reimbursement Arrangement in a sole proprietorship. Spoiler alert: it is possible but there are no income tax benefits for the business owner so it rarely makes sense to do as a ‘stand alone’ strategy. Other strategies used in combination with a HRA are usually preferred. […]