News & Articles

Save or Shred? Follow These Recordkeeping Guidelines

Posted on Wed, Apr 18, 2018

Are you a recordkeeping pack rat? Many individuals and businesses hold onto paper and digital records indefinitely — just in case. But securely storing years of financial records can become burdensome. Here's some guidance to help minimize recordkeeping overload.

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Tags: Records Retention, Maintain Records

Financial Scrapbooking Event - April 23, 2018

Posted on Thu, Apr 12, 2018

In conjunction with the National Financial Literacy Month, Vanessa Birman, CPA will be giving a one hour presentation titled "Financial Scrapbooking" on April 23, 2018. This event will be held at 6:30pm at the Caledonia Branch of the Kent District Library. The presentation will highlight the importance of creating a scrapbook for essential financial records such as insurance policies, retirement accounts and investments, as well as give insight on how to organize your information. A financial scrapbook is not only beneficial for financial planning, but also for emergencies and end-of-life arrangements. Creating this valuable tool enables all information to be stored in one location.

The presentation will be held at 6:30pm on April 23, 2018 at the Caledonia Branch of the Kent District Library, located at 6260 92nd Street SE, Caledonia, MI 49316.

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Tags: Documentation, Event, EHTC, Financial

Keep Your Fleet Safe and Save Money

Posted on Mon, Mar 19, 2018

Whether your company has one vehicle or dozens on the road, smart management can save you money.

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Tags: Vehicle Expense, Vehicle Maintenance, Taxes

Limit the Impact of E-Mail in Court

Posted on Fri, Mar 16, 2018

You just finished typing a draft of an aggressive e-mail message explaining why you think your company's strategic plan can — and will — destroy the competition.

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Tags: Employer Legal Hazards, E-mail, Computers

Survey: Employers Adapt Quickly to Withholding Tax Changes

Posted on Wed, Mar 14, 2018

Most employers had no problems meeting the February 15, 2018, deadline to begin using the 2018 federal income tax withholding tables, which reflect changes made by the Tax Cuts and Jobs Act (TCJA). However, many employees question how the TCJA will affect them.

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Tags: Payroll, Tax Cuts and Jobs Act (TCJA)

Are Roth IRAs Still Beneficial under the New Tax Law?

Posted on Mon, Mar 12, 2018

The Roth IRA remains an attractive retirement planning vehicle for many individuals after the changes made by the Tax Cuts and Jobs Act (TCJA). Here's what you need to know about Roth IRAs and Roth IRA conversions under the new law.

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Tags: Roth IRA, Traditional IRA, Tax Rates, Roth IRA Conversion

The Best Way to Handle an Inheritance

Posted on Fri, Mar 09, 2018

After receiving an inheritance, you need to determine how to incorporate those assets, whether stocks, bonds, real estate, or some other asset, into your finances. Consider these points during the process:

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Tags: Inheritance

Benefits Cost Employers a Bundle

Posted on Wed, Mar 07, 2018

The national average paid out by employers for employee benefits is 39% of total payroll costs.

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Tags: Benefits, Employee

Good News! More Families May Be Eligible for the Child Credit in 2018

Posted on Mon, Mar 05, 2018

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, made significant changes to the child credit. This credit is generally available to taxpayers with children under the age of 17, but the new law adds a new (smaller) credit for other dependents. Here are the details.

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Tags: Children, Tax Credits, Tax Cuts and Jobs Act (TCJA)

Close-Up on Mortgage Interest Deduction Rules

Posted on Mon, Feb 19, 2018

The Tax Cuts and Jobs Act (TCJA) imposes new limits on home mortgage interest deductions. Here's how the changes could affect your tax situation.

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