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Reilly Benefits Advisor

401k or 403b: Certain nonprofits have a choice

Mar 31, 2015

Certain nonprofit organizations have a choice that corporations don’t have in selecting retirement plans for their employees. But there are pluses and minuses to both 401(k) and 403(b) plans, and management and employees alike should be aware of what they are getting.

Reilly Tax Advisor

Popular tax breaks extended to 2014 tax year in last-minute Congressional action

Dec 17, 2014

Individual taxpayers and businesses will be able to take numerous popular tax deductions and credits on their 2014 tax returns, thanks to a last-minute vote in the U.S. Senate.

Reilly Tax Advisor

New Massachusetts tax incentive encourages support of community development corporations

Nov 04, 2014

The Community Investment Tax Credit (CITC) provides a 50% state tax credit for donations of $1,000 to $2 million to qualified community development corporations. Some 51 CDCs in the commonwealth are certified to receive these donations.

Reilly Benefits Advisor

How to fix inclusion, exclusion issues in your retirement plan

Aug 26, 2013

Does your organization have controls in place to ensure that only eligible employees are participating in your retirement plan and that all eligible employees have been given the opportunity to participate?

Reilly Benefits Advisor

Avoid mistakes with timely deposits to retirement plans

Jul 10, 2013

In any qualified retirement plan, money comes in and money goes out. An area that has drawn a lot of attention from the Department of Labor (DOL) in recent years is what's known as timely deposits.

Reilly Advisor

Good business books for your summer reading list

Jun 07, 2013

Looking for something to read on the beach this summer?

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.

Reilly Advisor

Own a summer rental? Consider tax implications

Jul 06, 2012

If you own a cottage or other property near the water or in the mountains or woods, you will likely have a fun time there during this summer.

But if you rent it out for others to enjoy vacations there as well, just remember there are some tricky tax rules to keep in mind for properties that are used both for personal and rental purposes.

Reilly Advisor

New tax credit rewards businesses for hiring veterans

Feb 14, 2012

Uncle Sam has made it easier for businesses to hire returning veterans by providing a maximum $9,600 tax credit (to the business) for each qualified hire.

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