ABLE accounts could be beneficial for disabled family members.

Many expenses can be incurred if you have a family member with disabilities. There are tax advantages to save for their needs without them losing eligibility for government benefits that they are entitled to. This can be done through an Achieving a Better Life Experience (ABLE) account, which is a tax free account that can […]

How to use your 401(k) to help employees during emergencies

Changes were made to retirement plans due to the enactment of the Secure 2.0 law. One of the provisions provides employers the opportunity to help staff in times of emergency. This is done through “pension-linked emergency savings accounts.” Effective for plan years beginning January 1, 2024, SECURE 2.0 permits a plan sponsor to amend its […]

Five ways to obtain cyberinsurance easily

It is important that all businesses devote time to cybersecurity. It is now a trend globally for hackers to prey on vulnerable companies. One way to protect yourself, at least financially, is to invest in cyberinsurance. If you decide to buy a policy, here are five tips to help make the application process a little […]

Student loan interest deduction rules taxpayers must be aware of.

Federal student loan repayments have been on “hold” for the past three years. Borrowers will have to start making payments after August 31st. Taxpayers may wonder whether they can deduct the interest they pay on their tax return. The answer may be yes, subject to certain limits. The deduction is phased out if your adjusted […]

Is PTO on your cafeteria plan menu?

Paid time off (PTO) can be a huge perk for employees. Whether they use the PTO for extra vacations after years of pandemic restricted travel, for mental health days, or anything in between, PTO benefits can be a big factor for potential employees and in keeping current employees happy. One option, if you have a […]