by Paula Kennedy, EA | Oct 23, 2017 | Tax
One health care arrangement that has been soaring in popularity in recent years has been the pairing of a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The good news is that not only does an HSA provide a tax-advantaged way to pay for health...
by Paula Kennedy, EA | Oct 20, 2017 | Tax
Any time is a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan. Many people...
by Paula Kennedy, EA | Oct 13, 2017 | Tax
Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover that...
by Paula Kennedy, EA | Sep 13, 2017 | Business
Bonuses can be an effective way for employers to reward hourly employees for an outstanding year. Some employers also offer a bonus as an incentive to meet certain productivity or sales goals. Make sure you understand the definitions of each type of employee bonus...
by Paula Kennedy, EA | Sep 3, 2017 | Tax
Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes that are part of the Affordable Care Act. But there are a few other potential tax developments for individuals to keep an eye on. Back in December of...
