For many years Crippen has provided strategic, time-saving accounting solutions for smart business leaders. Our dedicated team simplifies your life by equipping you with the clarity to make good financial decisions. Over the past year, we’ve been on the path to rebrand Crippen. We want to show that Crippen is here to create simplicity from […]
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The Americans with Disabilities Act is a federal civil rights law that applies to people with disabilities, and it protects them from discrimination. The Equal Employment Opportunity Commission, a federal government agency, enforces the sections of the ADA that prohibit employment discrimination. The employment provisions of the ADA apply to businesses that have 15 or […]
Have you witnessed your mom, dad or grandparents having trouble managing money on a day-to-day basis? Are you worried that they may become vulnerable to scams or identity theft? What would happen if you had to suddenly take over management of your parent’s finances—paying bills and managing their money? There’s not only the day-to-day management […]
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A deferred annuity is a contract between you and a life insurance company. Funds are exchanged for a promise to provide a competitive rate of interest with a minimum interest rate guarantee while guaranteeing the principal investment as well. The benefit payments don’t start until perhaps 10 or 20 years down the road. The longer […]
Tax withholding is a seemingly inevitable part of working, but there are exceptions, as shown by the following information about employees exempt from withholding. Student employees Generally, individuals employed by a school, college or university where they are also pursuing a course of study do not have to pay Social Security and Medicare taxes on […]
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We all understand that when we borrow money, we’re legally obligated to repay it. What happens when you’re forgiven in part and don’t have to pay back the full amount? After many huzzahs, you discover that it’s not entirely forgiven. The amount of the canceled debt is taxable, and you must report it on your […]
If you run a business, you need to know about the following forms. Form W-2: Employers must complete a Form W-2 for each employee. These wages and taxes are reported annually on the W-2. However, W-2s aren’t filed directly with the IRS. Instead, employers file W-2s with the Social Security Administration (typically by Jan. 31), […]
You may have a good reason to change your payday, but before you make your move, be sure to take into account various rules and implications. 1. Fair Labor Standards Act The FLSA requires prompt payment of wages but does not specifically address pay frequency or payday changes. However, a 2nd U.S. Circuit Court of […]
Ever wonder how a financial planner is different from a stockbroker? Stockbrokers are also seen as market mavens who trade stocks. Planners aren’t accountants, either (although some accountants do work as financial planners) — they aren’t called upon just to lower your tax bill and they aren’t insurance agents who try to sell you complicated […]
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