15
Sep
Sep
COVID-19 Update: Education Tax Breaks
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain tax breaks to help defray the cost of education. Here is …
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17
Mar
Mar
COVID-19 Update: Prioritizing our clients’ and associates’ health
The health of our clients and staff is our foremost priority during this unprecedented event. So that we may continue to provide excellent service to our clients, we will only open for emergency purposes. For our Tax and Payroll Clients, documents may be dropped off in our mail slot, uploaded to our portal, and/or emailed. There will be a skeleton crew in…
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02
Dec
Dec
Taxpayers First Act
The Taxpayer First Act of 2019, which would redesign the Internal Revenue Service, passed both Houses. The bill refocuses the action to live up to its mission of serving taxpayers, overhauling the IRS’ tools of enforcement, and strengthening the IRS’ …
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03
Sep
Sep
Settling Tax Issues on a Loved One’s Estate
When a love passes away, there needs to be someone that will handle the resulting tax issues and that is the role of the executor. Their job is to identify the estate’s assets, pay off its debts, and distribute the …
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22
Jul
Jul
Avoid These Common IRA Withdrawals & Contribution Errors
Let’s discuss some of the most common IRA contribution errors and how to avoid them. Excess Contributions: For 2019, the total amount you can contribute to all your IRA accounts is $6,000. If you are 50 or older, you can contribute …
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15
Jul
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
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
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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