Tax Tips for Parents When starting a family, you might be interested to know that you’re now eligible to claim new credits and deductions, which ultimately lessens the total value of your tax liability. You can start by utilizing...
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Required Minimum Distributions: What’s The Story? Once you reach a certain age, you must take an annual required minimum distribution, which is a payout from your traditional IRA, 401(k) or other retirement account. The required amount is calculated based...
What Qualifies for a Home Energy Credit and How Can I Receive One? Written by: Anna McDonough Summer is here, and you know what that means, it’s time for home improvement projects! Did you know that certain utility upgrades...
The SECURE — Setting Every Community Up for Retirement Enhancement — Act was passed in 2019. After that, SECURE Act 2.0 was passed in December 2022 and went into effect Jan. 1, 2023. The secondary SECURE Act establishes new...
It is somewhat unusual to highlight 2026 taxes in 2024, but we are in an unusual situation: Many of the provisions in 2017’s Tax Cuts and Jobs Act will expire at the end of 2025 unless Congress acts to...
Welcome to the era of streamlined business management. Many businesses today are using “pre-boxed” accounting software, such as QuickBooks, to track and summarize their business activity. These software packages are popular due to their low cost and ease of...
When Should I File a Tax Extension? A tax extension enables taxpayers some extra time past the April 15th deadline to submit their tax returns. Typically, by filing a tax extension you will have six additional months to file...
Help us ensure your taxes get filed on time! As a taxpayer, you are likely aware that April 15th is National Tax Day. This is the day individual income tax returns are due to the federal government and to...
Tax seasons often come with their fair share of alterations and updates, and the year 2023 has introduced a range of changes that taxpayers should be mindful of when filing their returns. These shifts encompass various aspects, from deductions...
As the new year begins, businesses and individuals are working through numerous deadlines, including the less-than-favorite form 1099 filings. We answer all your questions here about filing your 1099s. What is Form 1099? Form 1099 is an information return...