The Philadelphia Inquirer: “The Economy | Jobless recovery reflects uncertainty, reluctance“:
A lot of smart people say they can’t understand why the job market is so lousy. . . Here’s a news flash: Employers don’t really want to pay for your kid’s orthodontia. They don’t like the hassle of setting up and funding your retirement plan, and they’d just as soon not live with the worry that you’ll leave crumbs in the computer, spill company secrets to a competitor, or sue over some infraction of the labor laws.
Brandenton Herald: “Solo 401(k) allows small-business owners to save“:
Just because you are a self-employed individual with no employees doesn’t mean you have to work without a retirement plan. Did you know that U.S. Census Bureau estimates that nearly 75 percent of U.S. businesses have no employees? . . .
The New York Times: “Corporate America Sending More Legal Work to Bombay“:
While computer programmers, radiologists and tax preparers have watched some of their business move off shore, lawyers, bound by intricate ethical rules and licensed by states, have been largely protected from foreign competition. But as companies from BorgWarner to General Electric start to experiment with using foreign lawyers for discrete legal projects, that is starting to change. . . The reason for the shift echoes the reason companies are sending other work abroad: they save substantial amounts of money. Some companies say they can reduce certain legal costs by as much as 50 percent, and receive work that rivals what they can obtain in the United States.
Fox News: “A Follow-Up on Health Savings Accounts“:
Now here’s where some folks get pretty jazzed about an HSA: If you don’t spend all of the money you’ve set aside in your account, it remains there, growing on a tax-sheltered basis. In other words, . . . these accounts can be a substitute retirement savings vehicle, similar to a nondeductible IRA.Martha Priddy-Patterson, a director with Deloitte & Touche, says you’re “absolutely right” to consider not dipping into your HSA to cover medical bills if you don’t have to. “You’re under no obligation to pay your medical bill out if the HSA account. If you can afford not to, it’s smart.”
Roth CPA.com: “IRS AGENTS GONE WILD!”:
Yessir, this party had it all: a roast, souvenirs, code sections countered by code subsections – and, as the court put it, …a grossly negligent violation of ? 6103(a)(1). Section 6301 is the law requiring the IRS to keep taxpayer information confidential.