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It is difficult — but not impossible — to find funding for a business in volatile economic times: Some investors are always looking for new opportunities. These investors might find a business attractive if it is in a sector that is robust or poised for growth. Investors also consider attractive a solid business plan with […]
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There are two kinds of 529 plans: prepaid tuition plans and savings plans. Prepaid tuition plans (available in only nine states) allow you to pay current tuition rates for future attendance at designated colleges and universities; they are a way to lock in a lower cost for college attendance. The savings plans allow you to […]
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The child and dependent care credit is a tax benefit designed to help people who both work a job and pay for the care of either children or dependents, if not both. This tax credit aims to cover a portion of the expenses that working individuals have to cover in order to provide care for […]
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When starting a family, you might be interested to know that you’re now eligible to claim new credits and deductions, which ultimately lessens the total value of your tax liability. You can start by utilizing the official IRS Withholding Estimator to check your withholding. This will allow you to update your Form W-4, which is […]
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There’s no limit on the number of hours employees age 16 and older may work in any workweek. The FLSA doesn’t require overtime pay for work on Saturdays, Sundays, holidays or regular days of rest, unless overtime is worked on such days. But what is a workweek? An employee’s workweek is a fixed and regularly […]
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There are many tax credits that business owners can take advantage of, and today we’re talking about the Disabled Access Credit, which is specifically extended to business owners who employ people who have disabilities. What is the Disabled Access Credit? This is a nonrefundable tax credit put forth with small businesses in mind. Small businesses […]
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