July 2015
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Retirement Plan Update

 

written by Brenda Logsdon The IRS issued guidance last October to enable participants in 401(k) plans to invest their accounts in deferred annuities intended to guaranteed income for life to the participants post-retirement. The IRS also announced that many retirement plan contribution and benefit limits will increase slightly in 2015. Click here to read more
Does Your Company Qualify for R&E Tax Credits?

 

written by Jennifer Cochran The Research and Experimentation (R&E) tax credit is a tax incentive for companies to increase their research and experimentation within the company. R&E credits are often overlooked by small businesses because they assume that an on-site laboratory is necessary. If you have an engineer or software developer on staff there is a good chance you will qualify. Read more...
Receipts for Gifts to Charity: Are They Required?

 

written by Aaron Henry The IRS requires taxpayers to substantiate their charitable donations. Regardless of the type of donation, the substantiation rules must be followed. The rules are complex and have frequently caused problems for taxpayers who had good intentions but failed to satisfy the IRS's requirements. Read more here...
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