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Blog Author: Swati Jain

Can I invest in an IRA for my non-working spouse?

Have you ever wondered if you could invest in an IRA for your spouse who is not earning any compensation? The answer is yes. The general rule is you need earned

Offering Employee Fringe Benefits? Here’s what’s excludible from income.

Businesses can provide great benefit plans to employees that don’t cost them much or anything at all. Offering these benefits can be an effective way to recruit and retain top

Good recordkeeping is good business and will help if you’re audited

Recordkeeping is an important part of running any small business. In fact, keeping good records helps business owners make sure their business stays successful.  Good recordkeeping is the key to

Stepped-up basis upon inheritance of assets – Will it stay or go away?

“Step up” in basis is a strategy that is used for avoiding capital gains taxes when an asset is passed on to the heirs upon death. The heirs receive a

Business Automobiles Tax Depreciation Rules

Do you use an automobile in your trade or business? Many people wonder how depreciation tax deductions are determined for these autos. The rules are complicated and oftentimes need special