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Publications

Monday, September 23, 2019

FCC Recognized as 2019 Accounting Today’s Best Accounting Firms to Work for

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Fust Charles Chambers LLP, Certified Public Accountants has been recognized by Accounting Today as one of the 2019 Best Accounting Firms to Work For! FCC ranks in at #13 in the mid-sized firms category!  Accounting Today partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. The survey […]

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Tuesday, July 30, 2019

Changing Jobs? What Will Become of Your 401(k) Balance?

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Most private sector employers, for better or worse, put you in the driver’s seat when it comes to saving for retirement. If you’re a genuinely savvy and diligent investor, you might prefer the flexibility of rolling over your accumulated retirement savings into an IRA. This choice assumes, however, that your next employer’s 401(k) plan allows […]

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Tuesday, July 30, 2019

FAQs about LTC Insurance and Your Taxes

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If you or a loved one needs long-term care, you probably don’t want to pay it from your hard-earned savings. Instead, consider purchasing a long-term care (LTC) insurance policy. As a bonus, qualified LTC policies may deliver some tax breaks. Here are answers to some frequently asked questions about this type of coverage. READ MORE

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Tuesday, July 23, 2019

Update on the New Business Interest Expense Limitation

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The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed regulations. The business interest expense limitation is a permanent change for tax years that began in 2018. Thankfully, many businesses are unaffected. Here’s what you need to know. […]

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Tuesday, July 23, 2019

Is a New Individual Health Plan in Your Future?

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First the old news: Under the Affordable Care Act (ACA), employers with at least 50 employees (or full-time equivalents) are required to provide health benefits and pay for a good portion of the cost. And many smaller employers that aren’t required to offer health coverage do so anyway. Why? They may do it to compete successfully […]

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Tuesday, July 16, 2019

Hot Midyear Tax Planning Ideas for Individuals

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The summer months are a good time to brainstorm tax planning strategies. Some ideas will help cut your tax bill for the current year; others will allow you to minimize future taxes. Here are various short- and long-term strategies to consider. They factor in changes included in the Tax Cuts and Jobs Act (TCJA). READ […]

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Tuesday, July 16, 2019

Tips for Picking the Right Nursing Home Facility

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Do you have a loved one — perhaps an elderly father or mother — who may soon need extended nursing care? Moving a relative into a long-term care facility can be a costly proposition. But there’s more to consider than just the price tag. It’s often difficult to determine the quality of care your relative will […]

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Wednesday, July 10, 2019

Summer Loving? Think About Taxes Before You Tie the Knot

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For many couples, summer is the quintessential time to tie the knot. The weather is warm, the flowers are blooming and nature offers plentiful backdrops for photos. But there’s more than the ceremony to consider when a couple merges their lives, including taxes and other financial issues. Though finances aren’t necessarily a romantic topic, some issues […]

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Wednesday, July 10, 2019

NLRB Raises the Bar on Clarity of Employee Arbitration Agreements

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Today, more than half of private employers without union-represented employees use binding arbitration agreements to resolve labor disputes, according to the Economic Policy Institute. Over the years, federal courts have generally rejected legal challenges to arbitration agreements in employment, though they have established some safeguards. Last year, a U.S. Supreme Court decision, Epic Systems Corp. v. Lewis, […]

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Tuesday, July 2, 2019

How Much Can Businesses Deduct for Vehicles Placed in Service in 2019?

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Does your business need to add one or more vehicles? If so, the purchases may qualify for tax breaks under current tax law. Here are the details. First-Year Depreciation Breaks The Tax Cuts and Jobs Act (TCJA) allows unlimited 100% first-year bonus depreciation for qualifying new and used assets (including eligible vehicles) that are acquired and […]

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