Tuesday, September 12, 2023
When one spouse in a married couple is not earning compensation, the couple may not be able to save as much as they need for a comfortable retirement. An IRA...... Read More
Monday, September 11, 2023
If you claim deductions for business meals or auto expenses, expect the IRS to review them closely. Sometimes, taxpayers have incomplete documentation or try to create records months (or years)...... Read More
Thursday, September 07, 2023
A corporation or charity's ability to function successfully depends on timely financial information. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks —...... Read More
Tuesday, September 05, 2023
If you’re 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the coverage you want. The premiums can be costly, especially for...... Read More
Monday, September 04, 2023
There are a few choices to look about if you're thinking about creating a retirement plan for yourself and your staff but are concerned about the cost and administrative requirements...... Read More
Thursday, August 31, 2023
It’s common for high-growth and seasonal businesses to have occasional shortfalls in their checking accounts. The reason relates to the cash conversion cycle — it takes time to collect on...... Read More
Tuesday, August 29, 2023
High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition...... Read More
Monday, August 28, 2023
The IRS released guidance providing the 2024 inflation-adjusted Health Savings Accounts (HSAs) amounts. HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of paying the...... Read More
Thursday, August 24, 2023
Many people view accrual-basis financial statements as the benchmark for financial reporting. But with the increasing cost and complexity of today’s accounting rules — particularly the updated lease guidance that...... Read More
Tuesday, August 22, 2023
If you have significant assets (more than $12.92 million or $25.84 million if you’re married in 2023), you should consider establishing a living trust to avoid probate. Probate is a court-supervised...... Read More
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