Crowdfunding & Taxes

Information for those giving, receiving and organizing. Have you donated money to a crowdfunding campaign this year? You probably have. You may be wondering how the Internal Revenue Service treats these donations. Do the common tax rules apply? The I.R.S. may or may not define such donations as charitable contributions. It depends not only on… Read More

What is a SEP IRA?

As Director of Retirement Plan Services, this is a question I hear frequently. A Simplified Employee Pension plan (SEP) is an easy, low-cost option for small business owners to provide retirement benefits for employees (including themselves). This retirement plan option allows for an employer to contribute directly to an individual retirement account for all employees.… Read More