You May be ABLE to Save for a Disabled Family Member with a Tax-Advantaged Account
There’s a tax-advantaged way for people to save for the needs of family members with disabilities and it won’t affect their eligibility for government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Eligibility […]
Small Businesses: Stay Clear of a Severe Payroll Tax Penalty
One of the most labor-intensive tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from your employees’ paychecks but that you also pay them over to the federal government on time. If you willfully fail to do so, you could personally be hit with […]
