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Suppose a relative wants to borrow money for a business venture or to buy a home. It’s true that family loans can raise problems. But if you’re going to do it, take the tax law into account. Otherwise, you could have an unexpected problem on your hands. Here’s what to watch out for It all

You’ve launched a business website, but customers aren’t flocking to purchase your online offerings. Why not? For some companies, tweaking an already inviting webpage may be sufficient. Other business websites may require a complete overhaul. If traffic to your homepage isn’t trending upward, consider the following tried-and-true guidelines: Keep it simple Flashing fonts, animated gifs,

Once you’ve retired, you may think you have it made, especially if you’ve managed to save enough money through IRAs and employer-sponsored plans like 401(k)s. But you still have to meet the tax obligations for required minimum distributions (RMDs). Essentially, you must take a certain amount of money every year from IRAs and qualified plans

The internet is where people go to discuss their favorite sports teams, politicians, recipes — you name it. This is especially true for customers. You can find out how much people love or hate your business by what you see via Facebook, Instagram, Pinterest, Twitter and other social media platforms. More and more of your

If you are divorced and have young children, there’s a good chance that you are paying or receiving alimony or child support (or both) under a divorce decree. What’s the difference? The distinction is important to the IRS. Currently, alimony is deductible by the party who pays it and taxable to the party who receives

According to the American Staffing Association, there are approximately 3 million temporary and contract employees working for U.S. staffing companies during an average work week. That means there’s a wide range of skilled people usually available for work whenever most businesses need them. Even so, should your company hire temporary workers? Consider the following: Advantages

Paying income taxes every year is a necessary evil, but it can be even more unpleasant if you fail to pay your taxes on time. The IRS may assess an estimated tax penalty on top of the regular income tax you’ll owe. This often causes problems for self-employed individuals who don’t have tax regularly withheld

Now that the massive new Tax Cuts and Jobs Act (TCJA) is finally the law of the land, what should you do? Every situation is different, but here are several practical suggestions for improving your tax outlook for 2018 and beyond: Adjust your withholding There are “winners” and “losers” due to changes in tax rates,

The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision creates a new tax credit for employers who pay wages for family and medical leaves. Currently, the new credit has a short shelf life, taking effect in

Do you remember “Nannygate”? Back when Bill Clinton was president, his nomination of corporate attorney Zoe Baird for U.S. Attorney General was derailed after it was revealed that she failed to pay the “nanny tax” for illegal aliens employed as household workers. Although you may not move in political circles, it’s easy to be tripped