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Reilly Tax Advisor

You can still save on 2013 taxes - contribute to IRA by April 15

Mar 27, 2014

Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual contributions are limited by tax law, and any unused limit can’t be carried forward to make larger contributions in future years.

Reilly Tax Advisor

Tax Changes You Need to Know for 2014

Mar 10, 2014

Several recent changes in tax law could affect your tax bill or refund in 2014.

Reilly Tax Advisor

Taking tax deductions for 2013 charitable donations? Get proof

Feb 12, 2014

To support a charitable deduction, you need to comply with IRS substantiation requirements. This generally includes obtaining a contemporaneous written acknowledgment from the charity stating the amount of the donation, whether you received any goods or services in consideration for the donation, and the value of any such goods or services.

Reilly Advisor

How long should you keep tax and business records?

Jan 14, 2014

It's that time of year when individuals and business owners pull together what seems like reams of records to support their tax deductions and credits.

Reilly Benefits Advisor

IRS modifies ‘use or lose’ rule for Health Flex Spending Accounts

Dec 06, 2013

The IRS recently announced a modification to the longstanding “use-it-or-lose-it” rule for health flexible spending arrangements (FSAs).

Reilly Benefits Advisor

PCORI: New ACA tax impacts employers with self-insured health plans

Jul 30, 2013

Under the Affordable Care Act (ACA), all employers who offer health benefits for their workers are subject to a new fee to support the Patient-Centered Outcomes Research Institute (PCORI).

Reilly Advisor

Good business books for your summer reading list

Jun 07, 2013

Looking for something to read on the beach this summer?

Reilly Benefits Advisor

New $2,500 cap on health FSAs triggers Sec. 125 plan amendments

Apr 09, 2013

As the major provisions of the federal Health Care Reform Act are set to take effect – or in some cases, have already taken effect – employers need to be aware of changes they should put in place in order to be in compliance.

Reilly Advisor

New financial reporting framework to benefit smaller companies

Apr 08, 2013

For decades, small and medium-sized private businesses have labored under the ever-growing burden of producing annual GAAP-compliant financial statements.

Reilly Advisor

New Year’s Resolutions for the Business Owner

Dec 20, 2012

The New Year is always a time of promise. Signs indicate that the economy is picking up steam. Businesses should be poised to capture the long-awaited top and bottom line opportunities that have been in the doldrums.

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