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July 2015 Archives

Too many non-exempt cooks in the kitchen? DOL could change that

During the recession, economists predicted that small businesses would drive the recovery. Existing small businesses would begin to expand, albeit slowly. Entrepreneurs would start their own businesses, choosing to take new ideas and new products to market on their own, leaving corporate America behind. The recovery would come, one job at a time.

ABLE account is another tax-advantaged saving option

In December and January, we wrote about the tax extenders passed by Congress. At the time, the focus was on the exemptions and credits that affected 2014 tax returns. News media discussed the mortgage debt exemption, state and local tax deductions and other parts of the bill, but it took a couple of months for the media to recognize a newly enacted tax benefit. The Achieving a Better Life Experience account provision was also part of that tax package.

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