opinion
When can start up costs be expensed?
The IRS allows you to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less...
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Opinion
opinion
Should I put my personal home in my trust?
A trust will spare your loved ones from the probate process when you pass away. Putting your house in a trust will save your children or spouse from the h...
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opinion
Which is the best strategy for tax planning?
Deductions and credits are a great way to cut your tax bill, but there are other tax planning strategies that can help keep the IRS’ hands off your money....
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opinion
How many years is a DBA good for?
DBAs Need to Be Renewed In many states, a DBA registration must be renewed every five years or so. Make a note to file for renewal before it expires so yo...
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opinion
What do you need for a cupcake business?
The basics needed to start a cupcake business include bakery equipment such as ovens, commercial mixers and baking pans and molds. Of course, decorating b...
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opinion
What is an adjustment to income on tax returns?
Adjustments to income are expenses that reduce your total, or gross, income. You enter income adjustments directly onto Form 1040 of your tax return. That...
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opinion
Can I get my credit rating cleared?
You can’t change or remove any information on your credit report that is correct — even if it’s negative information. All applications for credit cards, s...
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opinion
How long does an employer have to respond to an unemployment claim in PA?
The employer has 48 hours to respond to a fax and seven days to respond to mailed forms. If the information is not received within the specified time, a d...
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opinion
Do SEP plans allow loans?
IRAs and IRA-based plans (SEP, SIMPLE IRA and SARSEP plans) cannot offer participant loans. To receive a plan loan, a participant must apply for the loan ...
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opinion
What is a prohibited transaction under ERISA?
Prohibited transactions are conflicts of interest that violate ERISA. Plan sponsors and fiduciaries are required to identify and evaluate. conflicts of in...
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