In this digital age we have become more and more conscientious about the volumes of paper we store. The question, then is, how long do I need to keep financial records? If you are planning on a bit of spring cleaning and getting rid of some of that paperwork here are some guidelines to determine Read More
Archive for January, 2014
It is indeed an honor and responsibility to be asked to serve on a company’s board of directors. One of the keys to how well your board functions is making sure that the individuals on the board have a clear picture of their roles and responsibilities. A for-profit company’s board of directors i Read More
As more baby boomers are moving into retirement and our population continues to age this is a question that may come up in your future. There are several specific tests that need to be passed to determine if someone can be claimed as your dependent.
First test – commonly called the support test. D Read More
In order to deduct out-of-pocket expenses as a charitable deduction there are several things you need to do to make sure your deduction would stand up in an audit situation.
The first rule of thumb is to ensure that the expenses are specifically related to a particular charity. For example if you us Read More