529 College Savings Plans

529 college savings plans are tax-advantaged college savings vehicles and one of the most popular ways to save for college today. Much like the way 401(k) plans revolutionized the world of retirement savings a few decades ago, 529 college savings plans have revolutionized the world of college savings. As of June 2011, total assets in college savings plans reached an all-time high of $169.5 billion. (Source: College Board’s Trends in Student Aid 2011)

Tax advantages and more

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Election Year Tax Talk: Deciphering the Terminology

This year’s election chatter is sure to include a healthy dose of tax talk. To keep up, here are five terms you should know.

The “Bush tax cuts”

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My office has gone paperless. How do I go paperless at home?

Since the start of the computer age, business offices have been going paperless because it saves time, space, and money; it’s easier to stay organized; and there’s less impact on the environment. So, how can you go paperless at home? Here are some tips.

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What is an e-closing?

An “e-closing” refers to a real estate closing process where the parties to the transaction (e.g., sellers, buyers, brokers, and attorneys) can access closing documents online so that they can be reviewed and electronically signed prior to the actual closing date. And, instead of receiving a huge stack of papers, the parties get copies of pertinent documents on a CD or other media. Electronic closings can make the process easier, faster, and greener.

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Business Owner Succession Planning

Every successful business owner must eventually face the question: What will happen to my business when I become disabled, retire, or die? Sooner or later, you will generally need to identify someone to transfer your ownership interest to family members, co-owners, key employees, or an outside party. Without a succession plan, the business may need to be liquidated.

Successor management

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