Roth vs Traditional IRA – how to choose between the two accounts?

Tax payments can be a real pain, especially if you are to worry about the frequently oscillating tax rates. Choosing between a Roth Account and a Traditional IRA only adds to this discomfort. Before going ahead and choosing one for greater savings, it is essential to be aware of what these accounts entail. A Roth IRA is a unique retirement … Read More

How to Report the “Nanny Tax”? Reporting and Tax Issues

How to Report your Nanny Taxes Finding a good nanny is a challenging task. You can’t leave your children with someone who isn’t trained to deal with children. When you manage to find a nanny that fits well with the family, then the only thing you need to take care of is payroll taxes. Calculating and filing the nanny’s payroll … Read More