How social security benefits are taxed

Are you wondering if your social security retirement, survivor, and disability benefits will be subject to federal income tax on your 2016 return? Generally, when these benefits are taxed is determined by your “provisional income.” Provisional income (PI)...

Avoid hiring mistakes in your start-up

Staffing errors can spell disaster for your start-up. Here are three to watch out for. Staffing the firm with friends and family While this strategy may work in some circumstances, hiring pals and relatives often spells trouble. For one thing, friends and family...

Clean your financial house for the new year

Out with the old, in with the new. No matter whether you apply the expression to changes in attitude or to life adjustments, the end of the year is a great time to assess your household finances and prepare for new opportunities. Here are suggestions. Review your...

Higher self-employment taxes coming in 2017

Did you know the national average wage index went up? You might have missed the news, but it’s likely you will notice one impact: higher self-employment taxes. How are the two related? The index is used to calculate the social security wage base, which is the...