Tax Newsletter – August 2015

The HoganTaylor LLP Tax Team is excited to present the August 2015 edition of our eNewsletter. Our newsletter is designed to help you keep up with the latest tax issues.

We’ve designed the newsletter to be read in quick chunks–knowing that leisurely reading time is a luxury for most of you. We’ll also always have the content on our site so that you can refer to it later.

As always, please do not hesitate to contact a member of the HoganTaylor Tax Team with any questions you may have regarding these subjects. Additionally, we welcome any thoughts or ideas you may have for future newsletter topics.

In This Issue:

Facing College Costs

How much does it cost to send a child to college now? For the 2014–2015 academic year, the College Board puts the average cost of tuition, fees and room and board at private nonprofit four-year schools at over $42,000. Read More

What You Should Know About Student Loans

Recently, concerns about student loans have been in the headlines. In 2015, the Federal Reserve Bank of New York put total student loan debt at $1.16 trillion, greater than outstanding auto loans or credit card balances. Publications such as the New York Times have published articles about “A Generation Hobbled by the Soaring Cost of College.” Read More

Restructuring Education Debt

With interest rates down for several years, many homeowners have refinanced their home mortgages. Why keep paying, say, 6% on your old home loan when you can save money by replacing it with a new loan charging less than 4%? Read More

Why You Need A Will

You may think that your estate plan should include a will in order to handle the disposition of your assets. That’s true: If you die “intestate,” meaning without a will, some or all of your assets probably will be distributed according to state law. In reality, though, having a will may have less of an impact on asset disposition than you think. That said, there are still multiple reasons why you should have a will. Read More

SIMPLE 401(k) Plans May Appeal to Employees

Many workers value employer-sponsored 401(k) retirement plans. Consequently, offering a 401(k) may help a small company attract and retain high-quality employees. Offering a standard 401(k) plan can involve considerable administrative time and expense, but business owners with fewer than 100 employees may find a practical solution in a SIMPLE 401(k). Read More

Tax Calendar

Find out what tax deadlines are approaching in August and September of 2015. Read More