If you weren’t already aware, in general, contributions made to a Traditional IRA (individual retirement account) are tax-deductible if you or your spouse are not covered by a retirement plan at work. For 2016 and 2017, the annual contribution limit for a traditional IRA is $5,500, or $6,500 if you’re age 50 or older. Contribution […]
Read More… from Taxes and Traditional IRAs: What You Need to Know
We here at Crippen are looking to make 2017 a record-year for giving back to our communities. We will be holding monthly intraoffice fundraisers to benefit 12 different charities this year through our new Crippen Cares™ initiative. Our nonprofit spotlight is on this month’s fundraiser recipient: Junior Achievement of Tampa Bay. They serve 12 counties […]
Read More… from Crippen Cares™ Non-Profit Spotlight: Junior Achievement of Tampa Bay
We all know that the Internal Revenue Service (IRS) expects to you to pay your taxes on the income you receive during the year. The average working taxpayer is accustomed to paying their taxes as they go throughout the year by income tax withholding done by their employer. This is convenient and simple for those […]
November 29, 2016, is called “Giving Tuesday.” Joining in the trend of Black Friday, Small Business Saturday, and Cyber Monday, the Tuesday after Thanksgiving has grown into one of the biggest fundraising drives for non-profits. It’s a day when charities encourage people to make year-end donations, many through using the hashtag on social media of […]
Read More… from Record Contributions on Giving Tuesday Predicted for 2016
Belated congratulations to the Class of 2016! Hopefully you’ve spent the last six months enjoying the summer since your graduation. For thousands of graduates with Federal Student Loans, we’ve got some bad news: your loan’s grace period is about to end. What’s a grace period? There’s a six-month window between when you leave school (or […]
In gambling, there are winners and there are losers. But, if you don’t pay taxes on your winnings, you’ll end up a loser with the IRS! Whether you’re at a casino or a racetrack, win a lottery, or you’re just enjoying a night of Bingo, your gambling income is most likely taxable income. Whether or […]
When it comes to violations of the labor law posting requirements, it’s not that these mandatory notices aren’t displayed prominently. It’s that they are not displayed at all, says the Equal Employment Opportunity Commission (EEOC). And that’s a problem. Typically the EEOC is alerted to the issue by employees who are aware of the requirements […]
Read More… from Change to Penalties Regarding the Equal Employment Opportunity Commission (EEOC)
Surveys of job seekers — often performed by recruiting firms — reveal a variety of reasons why would-be applicants may decide to bypass your company. Some individuals may complete the application but through that process develop a negative preconception about your business. This is particularly true with younger job seekers. High on the list of […]
Read More… from Avoid Hiring Traps that Lead to Hiring Remorse
This election season, Republicans and Democrats don’t seem to agree on much. But 95% of voters — regardless of which U.S. presidential candidate they favor — support American-made products. The vast majority of Americans also favor training programs, trade enforcement, tax incentives and a national strategy to support U.S. manufacturing, according to the Alliance for […]
Read More… from Made in America: The Pursuit of Life, Liberty & Global Opportunities
Finally the IRS addresses a problem experienced by some employers and not-for-profit organizations: the misclassification of workers in “sheltered workshops” as independent contractors rather than employees. IRS Revenue Ruling 65-165 clarifies the treatment of disabled workers in the following situations: Individuals in training in a rehabilitation program designed to prepare them for placement in private […]