What You Should Know About 529 Plans Section 529 plans are sponsored by states or educational institutions. They were originally designed to cover college costs, but their use has expanded to include postsecondary education, K-12 tuition (up to $10,000...
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Building the Structure AI Needs to Succeed For many companies, the question is not whether to adopt AI, but why so many initiatives fail to progress beyond early testing. Often, the issue is not about technology but rather the...
It’s Not Too Early To Start Planning For Next Year: Check Withholding Now Even though the tax filing deadline for tax year 2025 is in the rearview mirror, it’s not too early to start planning for next filing season....
The FICA Tax From the Employer’s Viewpoint FICA funds Social Security and Medicare programs that support Americans throughout their lives. Established in 1935 during the Great Depression, FICA originally provided benefits only to retirees. Over time, its scope expanded...
Understanding Trump Accounts Key Takeaways Trump Accounts are tax-advantaged investment accounts designed for U.S. citizens under the age of 18 who have a Social Security number. Launching July 4, the program will provide $1,000 to every American child born...
Staying Power: Employee Retention Through Stay Interviews Why Stay Interviews Matter High-performing workplaces such as Google, IBM, Nissan and Starbucks are among a growing list of organizations that have benefited from having their employees participate in stay interviews. Traditionally,...
Different Business Setups The most common business structures include sole proprietorships, partnerships, C corporations and S corporations. Limited liability companies, known as LLCs, are also widely used and are created under state law. Every option comes with different legal...
The Pros and Cons of Working With Family Members Bringing family members into a small business can be both appealing and complicated. One of the most commonly cited benefits is trust. In businesses that handle large amounts of cash...
Don’t Rush Your Retirement Plan Rollover When you change employers, you typically have several options for your retirement savings: Leave the money where it is, roll it into an individual retirement account, move it into a new employer’s plan...
What’s the Deal With Business Records? Choosing the right recordkeeping system matters because you need a clear summary of every transaction your business makes. Most small-business owners keep this information in accounting journals and ledgers that reflect gross income...