Thinking of Making an IRA  Contribution for 2016?

Thinking of Making an IRA Contribution for 2016?

There are many types of IRAs. This article will discuss Traditional IRAs, Roth IRAs and non-deductible IRAs, available to individuals (or a spouse of an individual) with earned income or collecting alimony. The first criterion to consider is your age. If you are over...
Business Health Checkup: Current Ratio

Business Health Checkup: Current Ratio

Periodically we will highlight a ratio or benchmark and demonstrate how you can use it to better understand your business The disclaimer: Benchmarks and ratios, blindly applied, can be dangerous. Benchmarks can be useful in understanding areas to investigate, but it’s...
Required Minimum Distribution

Required Minimum Distribution

Sadly, the money that we defer from taxes in our 401(k)s and IRAs during our working lives must eventually leave the shelter of the retirement umbrella whether we like it or not. What is a required minimum distribution? The discussion below is not relevant to...

Foreign Tax Implications for Individuals

By: Terri L. Marakos, CPA With the expansion of the global economy, the involvement of taxpayers in foreign activities has become commonplace.   Even not-so-sophisticated investors often hold the securities of companies with foreign activities and that pay foreign...
What Every Board Member Should Know About 501(c)(3)

What Every Board Member Should Know About 501(c)(3)

What it Means to be a Director of a Public Charity By: Donna Buzby, CPA What is a 501©(3) Organization? Being a 501(c)(3) organization means that the organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization. The IRS...