Richmond VA Accounting Services Blog | Rue & Associates

Blog

15
Jul

HSA Provides A Nice Tax Break

The idea behind HSAs was simple. Give workers generous tax breaks to put aside money to help pay for their health care. That in turn would make it easier for employers to offer those employees high-deductible health plans. The high-deductible …

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08
Jul

The Best Way to Save Money

If you’re not good at saving, it’s not your fault. In fact, the Federal Reserve says 40% of Americans don’t even have $400 to cover an emergency expense. The good news is that there’s a simple way to win this fight: …

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28
Jun

New Variations on Long Running Tax Scams

The IRS specifically warning about two new variations on existing, long-running tax-related scams. One of the scams tries to gather personally identifiable information related to Social Security numbers (SSN), while another threatens people with a fake tax bill. In what …

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24
Jun

Examining the Changes in Retirement

Here are eight major aspects worth examining from the SECURE Act: 1. Increase Small Employer Access to Retirement Plans This will essentially allow small employers to come together to set up and offer 401(k) plans with less fiduciary liability concern …

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14
Jun

IRS Released New Draft Form W-4

After pushback from taxpayers and tax professionals, the Internal Revenue Service (IRS) promised to revisit form W-4, Employee’s Withholding Allowance Certificate. The IRS issued a statement confirming that “the Treasury Department and the IRS will incorporate important changes into a new …

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