Seven Ways to Delegate Work

Increase the chances of success If you have owned a small business for several years, you have probably come to the realization—finally—that you cannot do all the work yourself all the time. That means delegating some of the tasks, especially those time-consuming jobs that are not top priority, to others in your employ. But this
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Cash In on the Unique NUA Tax Break

Benefits of company stock in retirement plans One significant tax reform target remains on the books. It is a unique tax break available to employees, including business owners, who own company stock in their retirement plan. If you handle things right, you can avoid paying tax on the appreciation in the stock’s value, called the
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How to Support Your Charitable Deductions

Follow recordkeeping rules for donations Charitable deductions are often treasured by high-income taxpayers who itemize deductions on their personal returns. But your deductions are at risk if you do not have the requisite proof to back up your claims. Worst-case scenario: You are forced to forfeit all or part of your charitable deduction for 2017 if the
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Top Benefits of 401(k) Plans

Advantages of retirement accounts No matter the size of your company, employees may enjoy the benefits of participating in a 401(k) plan. One of the most popular retirement plans around, this is a proven way to save money for your golden years. Just consider these attractive features: Tax deferrals: You pay no current tax on the
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Medical Deductions & The New Tax Law

Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December of 2017, could affect you and your family, both in 2018 and future years. This series offers strategies that
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