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1040 Postmortem: Making Sense of Your Taxes and Withholding

The Tax Cuts and Jobs Act (TCJA), which passed in December 2017, made fundamental changes to the U.S. tax code, and 2018 returns were the first time most taxpayers could see the practical impact of these changes.

The Fed Hits the Brakes: No Rate Hikes Projected in 2019

At its meeting on March 20, 2019, the Federal Open Market Committee (FOMC) maintained the benchmark federal funds rate at the target range of 2.25% to 2.50% that was set in December 2018. This in itself was not surprising. But other communications signaled a definite hiatus in the Fed's policy of raising interest rates and tightening the money supply.1

BFG Benefits Brief and HR Newsletter

Health FSA Limit to Increase in 2019

calendarThe ACA imposes a dollar limit on employees' salary reduction contributions to health flexible spending arrangements (health FSAs) offered under cafeteria plans.

Advantages and Disadvantages of Self-Funded Health Plans

With the increased interest in self-funded health plans, it’s good to know the advantages and disadvantages.  Learn more with this short video.

 

Asset Protection in Estate Planning

To insulate your property from such claims, you'll have to evaluate each tool in terms of your own situation. You may decide that insurance and a Declaration of Homestead may be sufficient protection for your home because your exposure to a claim is low. For high exposure, you may want to create a business entity or an offshore trust to shield your assets. Remember, no asset protection tool is guaranteed to work, and you may have to adjust your asset protection strategies as your situation or the laws change.

BFG Benefits Brief and HR Newsletter - February, 2018

IRS Releases New Income Tax Withholding Tables

woman doing taxesThe Internal Revenue Service (IRS) has released IRS Notice 1036, Early Release Copies of the 2018 Percentage Method Tables for Income Tax Withholding.

Income Tax Tips: Business Insurance

Income Tax Tips: Business Insurance

Tax Cuts and Job Act: Impact on Businesses

Tax Cuts and Jobs Act: Impact on Businesses

Tax Cuts and Jobs Act

woman at table

Congress has officially sent the Tax Cuts and Jobs Act to President Trump for his signature. The act makes extensive changes that may affect both individuals and businesses financial and planning considerations.  A summary can be found at the link below.