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Tax News

  • ACA Boosts Popularity of Health Savings Accounts
    Health Savings Accounts have become more attractive since passage of the Affordable Care Act. Year-to-year data shows a 23% jump in the number of accounts and a 25% gain in account balances. Here, we explore the ins and outs of these accounts and their impact on other health coverage. Read More
  • Estate Tax Round-Up: An Overview of Recent Developments
    Acting as the executor or personal representative for an estate is a big responsibility. Here's an overview of some new tax developments that executors and personal representatives need to know about to avoid mistakes that can potentially be costly to the estate and themselves. Read More
  • Make the Most of Year-End Physical Inventory Counts
    As December 31 approaches, it's time for many companies to perform one of management's least favorite chores: physical inventory counts. Proactive companies see this activity as an opportunity to improve their operational efficiency. Here's how you can get more from these counts, as well as details on a simplified accounting Read More
  • Last-Minute Tax Savings: Hurry Before Time Runs Out
    People often procrastinate when it comes to tax planning. Fortunately, there are still several easy moves individuals can make in the last days of the year to lower their federal tax liability for 2015 and beyond. But act fast. When the clock strikes midnight on January 1, there will be Read More
  • Important Tax Figures for 2016
    Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2016, compared with 2015, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, Read More
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