Gearing Up for an Auto-enrollment Plan

Benefits for both employees and employers A 401(k) plan can be a win-win situation for employees and employers. Just take a quick look at the payoff. For employees: You can defer up to $18,000 of salary to your account in 2017 ($24,000 if you are age 50 or older), before any employer-matched contributions. Contributions may grow
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Facts and Figures

Timely points of particular interest Luxury Car Limits—The deductions for vehicles used for business driving are limited by the so-called luxury car rules. The IRS, which indexes these limits annually, recently announced the maximum deductions allowed for vehicles placed in service in 2017. For passenger vehicles, the maximum deduction is $11,160, including 50% bonus depreciation.
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How to Build Your Corporate Culture

Six steps for making improvements Frequently, business owners and employees will cite their corporate culture as the reason for the company’s success. Here are six practical suggestions to build your brand. 1. Create your identity. Who are you and what do you represent? This is your company and you are the driving force behind it, so the
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How to Build Your Corporate Culture

Six steps for making improvements Frequently, business owners and employees will cite their corporate culture as the reason for the company’s success. Here are six practical suggestions to build your brand. 1. Create your identity. Who are you and what do you represent? This is your company and you are the driving force behind it, so the
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Gearing Up for an Auto-enrollment Plan

Benefits for both employees and employers A 401(k) plan can be a win-win situation for employees and employers. Just take a quick look at the payoff. For employees: You can defer up to $18,000 of salary to your account in 2017 ($24,000 if you are age 50 or older), before any employer-matched contributions. Contributions may grow
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Four Ways to Improve Your Workspace

Follow these steps for better ergonomics Do you have a job where you sit for long stretches of time at a desk in front of a computer? This could lead to serious health issues over time. Here are four tips for setting up an ergonomically sound workstation. 1. Adjust your chair height. Because most desk heights are
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Tax Window for Vacation Homes

Perhaps you own a vacation home that you and your family use personally. Key tax break: There is a unique tax window of opportunity for short-term rentals. If the rental for the year lasts 14 days or less, you do not have to report any income or expenses on your tax return. For example, say you
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Seven Midyear Strategies in Vogue

Popular ideas for individuals and businesses While the climate for tax reform remains uncertain, individual taxpayers and small-business owners are advised to act based on the current laws of the land, unless there is a definite change. Keeping that in mind, here are seven ideas to consider as we head into summer. 1. Harvest capital gains
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Give a little Get a little

Tax Mileage for Charitable Travel Do you travel in your vehicle on behalf of a charity? In lieu of keeping track of actual expenses, you can use the standard mileage rate of 14 cents per mile, plus related tolls and parking fees, to figure out the deduction. Unlike the standard mileage rates for business, moving
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Ten Moves Forward for a Second Marriage

Consider estate-planning implications If you are getting remarried, you may face some special estate-planning challenges, especially if you have children from a prior marriage. The following 10 tips may help. 1. Talk with one another. Do not start off a marriage by hiding financial interests or concerns from one another. For instance, if you intend to
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