BLS Insights

Discover the depth of BLS knowledge and information.

Month: April 2017

What about your Health Savings Account when you pass away?

April 24, 2017

Health Savings Accounts (H.S.A.s) are powerful tools, particularly if you participate in a high deductible health insurance plan.

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Simplifying Debt-Issuance Costs

April 20, 2017

In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs as part of their initiative to reduce complexity in the accounting standards.

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Tax Planning For Teenagers – Roth IRA’S

April 12, 2017

Many people may not be aware of the fact that teenagers may contribute to IRA’s.

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21st Century Cures Act Lets Small Employers, including Nonprofit Employers, Reimburse Premiums

April 07, 2017

The 21st Century Cures Act, signed into law on December 13, 2016, allows qualifying small employers, including qualifying nonprofit employers, to maintain health reimbursement arrangements (HRAs) for the purpose of reimbursing employees the cost of insurance premiums purchased on their own.

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Tax Consequences of Divorce: Part 2 – Retirement Benefits, Investments, and Business Use Property

April 05, 2017

As mentioned above property transfers between spouses as part of divorce decree or separation agreement are tax-free however, disposing of the property could have unintended tax .

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