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Prior Articles
Savings bonds and taxes: What you need to know
When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand....
The contractor’s role in life-cycle cost analysis
When project owners invest in construction jobs, they invariably look for long-term value. Whether road, residence or commercial real estate, the final deliverable needs to stand the test of time and provide a return on investment. To help ensure positive outcomes,...
Fraud risk assessments help employers stay on guard
Imagine you just discovered your organization lost a substantial amount of money to fraud. You’d probably feel various emotions, including dismay and anger. However, as bad as such a predicament would be, there’s something even worse: Suffering financial losses to...
Maximize your 401(k) in 2025: Smart strategies for a secure retirement
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest...
Adoption tax credits: Easing the financial journey of parenthood
There are two tax breaks that help eligible parents offset the expenses of adopting a child. In 2025, adoptive parents may be able to claim a credit against their federal tax for up to $17,280 of “qualified adoption expenses” for each child. This is up from $16,810 in...
Is your manufacturing company’s budget realistic?
You’ve likely already begun your manufacturing company’s 2025 budget planning. A comprehensive, realistic budget allows you to identify potential cash shortages, production capacity constraints and other threats. However, be aware of certain pitfalls when creating...
DOL’s final rule on overtime eligibility appears doomed
In April of this year, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The move prompted mixed reactions from observers, much concern among employers and, inevitably, legal challenges from its...
2025 fringe benefit COLAs: Key figures for employers
Annually, the IRS makes inflation-based cost-of-living adjustments (COLAs) to dollar limits applicable to many employer-sponsored fringe benefits for the upcoming year. Sure enough, in November, the tax agency published its COLAs in IRS Notice 2024-80. Here are some...
Your guide to Medicare premiums and taxes
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called...
The IRS issues final regs for the advanced manufacturing production credit
The IRS has published final regulations for the Section 45X advanced manufacturing production credit. The final regs update several significant areas from the proposed regs released in late 2023. The credit in a nutshell The Sec. 45X credit was created by the...
Update on the Corporate Transparency Act: Nationwide Injunction Temporarily Blocks Enforcement
On December 3, a federal district court in Texas issued a preliminary injunction that temporarily halts enforcement of the Corporate Transparency Act (CTA) across the United States. This broad ruling comes just weeks ahead of the January 1, 2025, deadline, which...
Senior tax-saving alert: Make charitable donations from your IRA
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics QCDs can be made from your traditional IRA(s) free of federal income...
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