What should you store in one easily accessible place? You might be surprised how many people have financial documents scattered all over the house – on the kitchen table, underneath old newspapers, in the hall closet, in the basement. If this describes your financial “filing system”, you may have a tough time keeping tabs on [...]

A year? Seven years? It depends. You have probably heard that you should retain copies of your federal tax returns for 7 years. Is that true, or a myth? How long should you keep those quarterly and annual statements you get about your investment accounts? And how long should you keep bank statements before throwing [...]

What’s in it for businesses … and participants in 401(k), 403(b) and 457(b) plans. On September 27, President Obama signed H.R. 5297 – the long-debated Small Business Jobs Act of 2010 – into law.1 In the wake of its passage, there are some interesting questions to consider. Will the new law’s tax breaks and credit [...]

Section 9006 of the health care reform bill is going to give businesses headaches. Picture this … it’s a chilly morning in January 2012. You head out to your local office supply store to stock up on some essentials for your business – printer cartridges, copy paper, post-it notes, and a 500-pack of 1099 forms. [...]