Business Financing— Don’t Intermingle Funds

Intermingling Funds A common problem with single-owner and other closely-held corporations is intermingling of funds. This occurs when a corporate shareholder uses his or her personal checking account for corporate deposits or payment of corporate expenses. Separation of funds can be a key in preserving the liability protection of the corporate veil. Courts can pierce […]

General Business News for January 2014

Choosing the Right Bank for Your Small Business It is crucial to accurately determine the right bank for your specific business needs. Setting up your accounts and managing access is a vital component in your business endeavor. This might seem like a daunting task; however, with a few simple steps that easily can be broken […]

IRS: Shutdown to Delay Tax Season

The Internal Revenue Service announced on Tuesday that it will delay the start of the 2014 tax filing season by as much as two weeks due to delays caused by the recent closure of the federal government. Citing the need for “adequate time to program and test tax processing systems,” the service announced that it […]

Time is Money, Productive Employees are Key for Successful Companies

The reality of the workplace is simple; employees waste time while at work. There are numerous causes, ranging from web surfing and socializing with co-workers to dealing with personal business. The truth is not all of these non-work related activities are necessarily bad – some activities allow employees to recharge, but others simply decrease productivity. […]

Qualities that make a Great Leader

Opinions abound, but when you boil things down, the qualities that make a leader great are the character attributes that the most successful and powerful among us share. It seems not to matter whether the leader is a politician, a business leader or a visionary from the worlds of arts or science. Leadership requires a […]

Outrunning Rising College Costs

It is no surprise that the cost of college is rising fast – at approximately twice the rate of general inflation. As a result, many parents and would-be parents are concerned with how to handle paying for their children’s college in the future. To help you visualize just how big of a challenge saving for […]

IRA and Retirement Plan Limits for 2014

IRA and Retirement Plan Limits for 2014 IRA contribution limits The maximum amount you can contribute to a traditional IRA or Roth IRA in 2014 remains unchanged at $5,500 (or 100% of your earned income, if less). The maximum catch-up contribution for those age 50 or older in 2014 is $1,000, also unchanged from 2013. […]

These 2014 tax numbers were just published by the IRS and SSA:

* SOCIAL SECURITY taxable wage limit increases from 2013 limit of $113,700 to $117,000 for 2014. Retirees under full retirement age can earn up to $15,480 without losing benefits. * AMT EXEMPTIONS for 2014 are $52,800 for singles, $82,100 for couples, and $41,050 for married couples filing separately. * 401(k) MAXIMUM salary deferral remains at […]

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