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Dec
16

Did you turn 70 ½ in 2014? If so, then you’re required to start taking mandatory, minimum yearly withdrawals from your tax deferred retirement accounts by December 31st of each year. While there is a minimum amount you are mandated to withdraw each year to avoid penalties, you are allowed to take more than the….

Dec
10

Things are looking up for retirement plan contribution limits in 2015. The IRS recently announced the cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for 2015. In general, many of the pension plan limitations increased due to the increase in the cost-of-living index; however, some have remained the….

Dec
05

The General Services Administration (GSA) recently updated employee travel reimbursement per diem rates for fiscal year 2015 – which spans October 1, 2014, through September 30, 2015. The per diem rate for high-cost areas has risen to $259, an increase of $8 over the prior year. while the per diem rate for low-cost areas have….

Nov
25

4 Things to Know Before Claiming the Home Office Deduction

 

As many as one in five Americans work from home, and that number is expected to increase steadily over the next five years as more employers realize the benefits of a remote workforce. Those who work from home may be familiar with the home office deduction, but there are several considerations before and after claiming this deduction.

Watch as  Matt Schaeffer and Rodney Thornton detail four important details regarding the home office deduction - including the simplified version (new during last tax season for 2013 tax returns and still applicable this tax season for 2014 tax returns) and the impact of the deduction when you sell your home.

 

Nov
18

FIFO vs. LIFO Inventory Identification Methods Once upon a time in the land of inventory lived a baker named FIFO. FIFO’s bakery was stocked daily with pastries, cookies, cakes and pies. Next door to FIFO’s bakery was a talented shoe maker named LIFO. LIFO used the finest Italian leathers to create the most fashionable shoes….

Nov
14

Technology Trends in Insurance

 

Gone are the days of the door-to-door insurance salesman. In today’s technology-obsessed world, insurance companies are connecting directly with consumers through technology. Mobile apps that issue digital ID cards and file claims are popular, but they also create data security issues.Watch as Mike Whitney and David Mills discuss core systems that help insurance companies prevent data breaches.

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Nov
05

If you are a parent claiming an exemption on your tax return for your dependent, consider two credits that may assist in offsetting those learning costs. And with CRI’s blog post, no books are required. American Opportunity Credit: This credit  covers up to $2,500 per eligible student and is available for the first four years of….

Oct
29

Ask any business owners about the early days of their business and they will likely tell you about countless hours of planning, sweat equity, and sleep deprivation. Since those tales are likely fairly accurate, it’s easy to get lost in a myriad of day-to-day decisions during the start-up phase, but don’t overlook the following 5….