Avoiding the Penalty on Early Distributions
Avoiding the Penalty on Early Distributions Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement…
Five Facts about the Opportunity Zone Tax Incentive
Five Facts about the Opportunity Zone Tax Incentive Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs)…
Important Tax Changes for Individuals and Businesses
Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different, now that…
Tax Tips for Older Americans
Tax Tips for Older Americans Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are six tax tips…
The Tax Consequences of Losing your Job
The Tax Consequences of Losing your Job If you’ve lost your job you may have questions surrounding unemployment compensation, severance, and other issues that could affect your tax situation. Here…
Employers Beware: Identity Theft and W-2 Scam Alert
Employers Beware: Identity Theft and W-2 Scam Alert The 2019 tax season is quickly approaching and with it an increase in identity theft and W-2 scams. Small business identity theft…
Year in Review: Tax Changes for Individuals
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here’s what individuals and families need to know as they get ready…
Recap of Business Tax Provisions for 2018
Here’s what business owners need to know about tax changes for 2018. Standard Mileage Rates The standard mileage rate in 2018 is 54.5 cents per business mile driven. Health Care…
Avoid these Five Common Budgeting Errors
When it comes to creating a budget, it’s essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses and some tips…
Eight Tax Breaks for Parents
If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Child Tax Credit: You may be able to take this credit…