Nearing retirement? Use an HSA.
Nearing retirement? Here's how to get the most out of your HSA.
Starting An S Corp? These Four Questions Will Help You Decide
Do S corps really live up to the hype? Even though everyone else is forming one—should you? How do you know if it’s really worth the time and investment? The truth is every business is different, forming an S corp is a...Read More →
ROTH IRAS: PUT YOUR CHILD’S SUMMER EARNINGS TO WORK
A Roth IRA allows you to make after-tax contributions instead of pretax contributions, such as those you might make with your own IRA or your employer's 401(k). It's important to create your account as a Roth IRA when set up, even though Regular and Roth IRA's are similar.
Is a Roth your best choice for an IRA?
If you expect to be in a higher tax bracket in the future, the answer may be yes. Roth and traditional retirement accounts are taxed differently. Which account you choose should be based on your current and future tax rates....Read More →
A New W4, How Does It Help You?
Most taxpayers have had questions the last two years regarding their federal withholdings on their tax returns. The withholding tables were adjusted after the big tax change (Tax Cuts and Jobs Act) and it left taxpayers questioning if they were going to get a refund or not like in the past. The IRS has finally provided a solution to those questions and it comes in the form of a new W4.
How to Store Your Receipts
I can tell you there is not one thing in the world that scares accountants more than the dreaded shoebox full of receipts. I’m going to tell you how technology can help you eliminate this process of filing hard copy receipts and start keeping digital receipts.
Tax Changes for 2019 Tax Year
One of the biggest changes in the history of the tax code took place starting for the 2018 tax year. A lot of people were caught off guard with the changes made and didn’t know what to expect. For the 2019 tax year, we are trying to get one foot out in front to make sure everyone knows what to expect.
Overview of the Qualified Business Income Deduction
One of the most frequently asked questions we get is about how the tax cut helped business owners. So, in order to simplify the understanding of what the business deduction is, we have put together our short version
Small Business Retirement Plans
If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Employer-sponsored retirement plans have become a key component for retirement savings. They are also an increasingly important tool for attracting and retaining the high-quality employees you need to compete in today's competitive environment.
Was Your Refund Not What You Hoped For?
One major topic discussed during the 2018 tax season was the decrease in refunds people were seeing, or even worse, owing when they usually get a refund. This came as quite a surprise to most of the population as the new tax reform was promising to cut taxes for most of the population.