The Meaning of These Common Estate Planning Terms
Estate planning can be overwhelming. One reason is that it has a language all its own. While you may be familiar with common terms such as “will” or “executor,” you may not be as certain about others. This uncertainty can make it difficult to make informed decisions...
Accountable Plans: A Smarter Way for Nonprofits to Reimburse Expenses
Accountable plans remain the most tax-efficient way for nonprofits to reimburse employee business expenses. When properly structured and implemented, these plans allow reimbursements to be excluded from employees’ taxable income and save payroll taxes for the...
9 Tax Tips for Self-Employed Artists
Self-employed artists should be aware of several federal tax considerations and opportunities for deductions: 1. Self-employment tax compliance Artists who earn income from their creative work and are not classified as employees are considered self-employed and must...