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Now’s a great time to purge old tax records

Whether you filed your 2016 tax return by the April 18 deadline or you filed for an extension, you may be overwhelmed by the amount of documentation involved. While you need to hold on to all of your 2016 tax records for now, it’s a great time to take a look at your records for
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Providing a strong package of benefits is a competitive imperative in today’s business world. Like many employers, you’ve probably worked hard to put together a solid menu of offerings to your staff. Unfortunately, many employees don’t perceive the full value of the benefits they receive. Why is this important? An underwhelming perception of value could
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Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year, which isn’t the best use of your
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In December, Congress passed the 21st Century Cures Act. The long and complex bill covers a broad range of health care topics, but of particular interest to some businesses should be the Health Reimbursement Arrangement (HRA) provision. Specifically, qualified small employers can now use HRAs to reimburse employees who purchase individual insurance coverage, rather than
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THERE’S STILL TIME TO SET UP A RETIREMENT PLAN FOR 2016

Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future. So if you haven’t already set up a tax-advantaged plan, consider doing so
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Recently Dyson, which makes vacuum cleaners, sued Samsung, claiming that Samsung’s new line of vacuum cleaners uses technology that is copyrighted by Dyson. This has been a troublesome year for Samsung, as Apple won a patent ruling against Samsung in August, banning U.S. imports that infringe two Apple patents.     From a consumer’s standpoint,
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Recently, the Washington Post  announced its impending sale to Amazon founder, Jeff Bezos, for $250-million – in cash. This is a good thing—isn’t it? It means that a corporate giant like Amazon sees the value in the newspaper industry. It means that the Washington Post, at least, has a future in the electronic marketplace. It
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Are bookkeepers simply bean counters?

Bookkeepers are overlooked and underestimated because many people think that “bookkeeping” is simply entering numbers into accounting software, or in other words—a higher level data entry clerk. This is entirely untrue. Bookkeeping services, such as those that Forbush & Associates provides, are much more than that – and is much more valuable. Bookkeeping includes the
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Finding accurate information on the Patient Protection and Affordable Care Act of 2010 (ACA) can be cumbersome, especially when you’re already short on time. At Forbush and Associates, we are committed to making sure our clients are up-to-date on new laws that affect their business. With 2013 half done, we take a look at how
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