HSAs Can Be Powerful Retirement Saving Tools
HSAs Can Be Powerful Retirement Saving Tools https://www.youtube.com/watch?v=s11RELKUreQ Health Savings Accounts (HSAs) are not only tax-advantaged savings vehicles for funding health care expenses not covered by insurance, but they can also serve as attractive retirement savings vehicles for those in relatively good health. This dual-purpose capability makes HSAs a unique and powerful tool for financial […]
Renting to Family Members: Navigating the Tax Implications
Renting to Family Members: Navigating the Tax Implications https://www.youtube.com/watch?v=hnNmFYUSr0w As rental prices continue to rise across many regions, you might consider helping financially challenged family members by renting a property to them at a discount. While this can be a generous gesture, it also has potential tax implications that could lead to the loss of […]
5 Strategies for Improving Collections
5 Strategies for Improving Collections https://www.youtube.com/watch?v=7Xh6LiAtVN4 Businesses operating in retail or restaurants often have straightforward collections, taking payments directly at the point-of-sale terminal. Customers pay and leave, making collections relatively easy. However, for other companies, especially those in business-to-business operations, collections can be more challenging. Complex relationships with key customers and slow-paying clients can complicate […]
Independent Contractors: Classify Carefully
Independent Contractors: Classify Carefully https://www.youtube.com/watch?v=CkBgGwxrYW0 Many businesses use independent contractors to help keep their costs down and provide flexibility for short-term needs. But the question of whether a worker is an employee or an independent contractor is complex. Be careful that your independent contractors are properly classified for federal tax and employment tax purposes, because […]