Bring Home a Tax Credit for Adoption

When you adopt a child, you could bring home more than a bundle of joy. You may also be in line for a valuable tax credit. For 2018, a tax credit of up to $13,840 for adoption of a special needs child can come in handy for qualified parents facing the daunting costs...

Go It Alone with a 401(k) Plan

If your business is essentially a one-person operation, there’s an option to help you save more money for retirement: The Solo 401(k) plan. Ordinarily, traditional defined contribution retirement plans allow annual contributions that are limited to either 25% of...

Big Accounting Rule Changes Coming Soon

As you scramble to get up-to-date on changes to the federal tax rules under the Tax Cuts and Jobs Act, there also will be major changes to U.S. Generally Accepted Accounting Principles (GAAP). Here’s an overview of the major accounting rules that will change...