Holding stocks in retirement accounts...

Posted by:    |  Jul 31, 2015
Holding stocks in retirement accounts

  A major component of a successful retirement portfolio is stocks. To build a nest egg large enough to fund your life in retirement, which could last 30 years or more, you will need the growth that stocks provide. Investing in stocks is a tricky proposition though. In spite of t...Read more

Tax Implications of retiring abroad...

Posted by:    |  Jul 31, 2015
Tax Implications of retiring abroad

  Retiring abroad while retaining your US citizenship may seem like a dream. Without careful planning and help from international tax advisors, unexpected foreign taxes can put a sizeable dent in your retirement income. While foreign taxes will always be complicated, tax advisors...Read more

Summertime Tax Tips...

Posted by:    |  Jul 31, 2015
Summertime Tax Tips

Summertime is ideal to reassess your tax strategy and overall income situation, and look to rectify mistakes made during the tax season and stay in good stead for the rest of the year. Quarterly payments protect you from paying penalties or owing a significant amount by the end of the...Read more

Are your clients subject to the Nanny Tax?...

Posted by:    |  Jul 31, 2015
Are your clients subject to the Nanny Tax?

If you hire someone to work in your home, you may be subject to the Household Employment tax, also called the Nanny Tax. While full-time nannies commonly fall into the category of household employees, other household employees could also fall into this category. Those includePart-time...Read more

Didn’t File in 2011 and beyond? IRS has $1 Billion Waiting...

Posted by:    |  Jul 31, 2015
Didn't File in 2011 and beyond? IRS has $1 Billion Waiting

There are cases when income is earned and taxes withheld from wages, but yet, there is no need to file a tax return as there is too little income. In this case, a refund can be claimed for the tax withheld from the wages. In case there is no tax withheld, you might be eligible [&helli...Read more

Trim the fat off your workflow...

Posted by:    |  Jul 31, 2015
Trim the fat off your workflow

Firms are offering clients full-scale business advisory services that allow them to switch to more efficient business processes. As a trusted advisor to clients, practitioners also need to lead by example by operating at peak efficiency in their own practices. Process improvement will...Read more

What to know about credit reports...

Posted by:    |  Jul 31, 2015
What to know about credit reports

When building your credit or being vigilant about avoiding identity theft, it is important to check your credit report regularly. While the credit score may be the most talked-about item on your credit report, the credit report is bigger than just a numerical rating. The credit report...Read more

Changes to Form W-2 & reporting requirements...

Posted by:    |  Jul 31, 2015
Changes to Form W-2 & reporting requirements

Every year brings with it new changes from the Internal Revenue Service related to W-2 and 1099 forms and reporting requirements. GKM walks through some of the upcoming changes – related to issues ranging from health care benefits to social security – and how to stay in co...Read more

Maximize your refund!...

Posted by:    |  Jul 31, 2015
Maximize your refund!

  Tax season is a stressful time for millions, but for the population which will receive tax refunds, it could well be termed a joyous time. The refund is nothing but money coming back after being loaned to the government at negligible interest rates. However, practically, it is ...Read more

IRS Direct Pay – how it can benefit your clients...

Posted by:    |  Jan 28, 2015
IRS Direct Pay - how it can benefit your clients

  What is Direct Pay? It is a paperless online portal hosted by the IRS for paying tax bills and estimates directly from the individual’s checking or savings accounts without any fee. IRS Direct Pay eliminates the hassle of mailing payments with paper vouchers and provides ...Read more