Comedian Steve Colbert coined the stunt word truthiness in the 2005 pilot of his political satire program “The Colbert Report”. It was named Merriam-Webster’s word of the year in 2006. What is it? If […]
In order to help individuals save money for retirement, the IRS offers tax advantages for Individual Retirement Accounts (IRA). An IRA is not itself an investment. It’s basically a savings account with tax breaks. […]
One of the most frequent questions we’re asked when it comes to forming a business entity is – “What should I call it?” And with few exceptions, the answer is pretty simple – “Whatever […]
When the federal tax code was written in 1913, all interest was deductible, but at that time very few Americans outside of farmers had home mortgages. In 1986, when Congress overhauled the tax code, […]
How many US workers are self-employed? The numbers vary widely. An old Intuit survey estimated that by 2020, 40% of the US workforce would be self-employed. A Washington lobbying group named “It’s My Business” […]
Approximately 13.7 percent of federally guaranteed student loans are in default. Default rates are based on the number of students who have defaulted on at least one student loan within three years after leaving […]
It’s the holiday season, the time for gift giving. It may also be the time to ask yourself, are you fully informed as to what can you gift to friends and family without a […]
Caring for an elderly parent may be a labor of love, but it may also be financially stressful. In fact, the costs, or the loss of income, can be significant. If you quit a […]
One of the best things you can do as part of your business strategy is to incorporate it as a formal entity. But many (in fact, most) business activities are conducted informally with no […]
Approximately 7.1 million Americans signed up for health insurance under the Affordable Care Act. According to a poll taken by the Commonwealth Fund, 73% of people who purchased a health plan through the marketplace […]