Archive for July, 2010

Have Red Flag Rules been delayed again?

Friday, July 30th, 2010

At the request of several members of Congress. the Federal Trade Commission has delayed the compliance deadline for “Red Flag” rules, which require businesses to implement anti-identity theft policies. Originally scheduled to become effective January 1, 2008, the rules have been granted a series of extension by the FTC. The latest moves the deadline from June 1, 2010, to December 31, 2010. (more…)

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Do You Auto-Enroll Employees in Your 401k?

Wednesday, July 28th, 2010

Large employers are hesitant to institute automatic enrollment for their retirement savings plans, according to a recent survey conducted by AARP. Nearly 60 percent of the employers surveyed noted that they did not have automatic enrollment in the 401(k) plans. (more…)

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Can my Summer Day Care Expenses Earn a Tax Credit?

Monday, July 26th, 2010

Arranging summer day care for your children can be challenging, but knowing those expenses may be tax deductible may help. The IRS recently shared some tips regarding the tax credit available for child care of children under age 13. (more…)

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Is it time to start planning the sale of your business?

Friday, July 23rd, 2010

Every business strategy should include an exit plan for leaving the business. This can hinge on the owner’s personal financial and estate planning efforts, and a successful transition depends on many factors. (more…)

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Can Changing My Business Entity Improve Tax Treatment?

Wednesday, July 21st, 2010

The expected increase in individual income tax rates next year has some small business owners wondering if now is the time to change their entity structures. Which structure is best for your business is a complex question – and the answer is different for everyone. The following are issues to consider if you are facing this question. (more…)

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