Business Financial Group

While Congress in recent years has expanded the definition of qualified expenses for distributions from Section 529 Plans, the original purpose of these plans - saving for post-secondary education with tax-advantaged funds - remains the same.

Life events. Planning tips before you decide to sell your business.

Business trends: To make experimentation a productive activity in your organization, you must manage several conditions. Learn more via

How Managers Can Build a Culture of Experimentation Innovation is often more art than science.

Some insider tax knowledge from .

Personal finance: One of the categories that saw the biggest price jump was used cars: They were more than 40% more expensive than they were 12 months ago, according to BLS. Data via

Drivers are being 'slammed by inflation,' expert says: How to save money on car insurance Rising prices for both new and used cars are having a downstream effect on insurance premiums, as providers are having to pay more when claims get filed.

Personal finance: One in five couples said money was their greatest relationship challenge, and 44% of partners said they argue about money with their significant other at least occasionally. Full story via

Even on Valentine's Day, couples and money are not always a love match, Fidelity report shows A new study released by Fidelity Investments shows that talking to your sweetheart about finances is not all chocolates and roses.

Tax blotter: Chicago Alderman Patrick Daley Thompson was found guilty Monday of lying to federal regulators and cheating on his tax returns for five years. Story via

Patrick Daley Thompson trial: Jury finds Chicago alderman guilty of tax fraud, lying to feds A jury has convicted Ald. Patrick Daley Thompson on tax fraud charges.

State tax policy: The proposal, which lowers Utah's income tax from 4.95% to 4.85%, passed through the state House on Wednesday and the state Senate on Thursday. Details via

Utah Gov. Spencer Cox Signs $193M Tax Cut Into Law Utah Gov. Spencer Cox has signed a $193 million tax cut into law.

IRS system updates: The IRS announced on Monday that it would abandon face-scan plans amid backlash from members of Congress and privacy advocates. Story via

The IRS directed 7 million Americans to sign up with ID.me face-scan service, according to congressional letter House Oversight Committee Chair Carolyn Maloney (D-N.Y.) wrote that a briefing given to Congress raised concerns about “the ongoing impact on the millions of Americans who have already turned over their biometric data to a private company.”

SMB Amazon news: Between late 2017 and 2020, these people allegedly bribed Amazon employees to leak information about the company's search and ranking algorithms. Full story via

Former Amazon employee sentenced to 10 months in prison for involvement in bribery scheme The DOJ in 2020 indicted six individuals, including two former Amazon employees, for allegedly bribing insiders to gain an upper hand on the online marketplace.

Are you a therapist or coach? What you need to know about taxes and your small business.

Counseling the Counselors: What your Therapy Business Needs to Know About Taxes Therapy and counseling are invaluable services, and counselors make such a difference in clients’ lives that it’s hard to remember that they’re also operating a business. But if you’re a therapist it’s no surprise to you. With tax time right around the corner, now’s the time for a quick ...

It matters how you get there. Wednesday Wisdom from Business Financial Group