For the lucky ones who own a vacation home, it can be a place to relax and recharge with family and friends. However, it can also impact their taxes, especially if they rent the home to others when they’re not using it. This article explains the rules under various scenarios.

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One resource limitation that all business owners face is time. Although science has yet to develop a way to add more hours to the day, it is possible to derive more from each day. This article looks at four ways to beat the clock, including prioritizing activities and communicating written goals.

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Take Note of Recent IRS Changes

Employers should be consciously aware of the recent changes implemented by the IRS affecting employers who offer their employees health care coverage under a Section 125 cafeteria plan. The recent implementation of new legislation now broadens an employee’s ability to relinquish coverage during the plan year. The purpose of the legislation is to accommodate the…

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The Right Plan?

SIMPLEs offer several benefits (see main article), but there are a few limitations that come with having this type of plan.  For example, the SIMPLE contribution limits are lower than other retirement plans.  Employees participating in a 401(k) plan can defer up to $17,500 (with a $5,500 limit for catch-up contributions), whereas the 2014 limit…

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What Could Be Simpler?

SIMPLEs Make it Easier for Small Employers to Offer a Retirement Plan One especially challenging task for smaller companies is to provide an employee retirement plan for their employees.  SIMPLEs – Savings Incentive Match Plans for Employees are much easier to set up, contribute to, and maintain.  A nominal financial investment is necessary when establishing…

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Organizations with an online presence often post images or articles found on the internet to their own sites. While the majority of postings are likely done with the best intentions, some may inadvertently violate copyright laws. The U.S. Library of Congress states, “Copyright protects text and pictures on websites just like books, CDs, DVDs, and…

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