Year End Strategies For Donating To Charity Or Gifting To Loved Ones
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C
Employers: For Social Security, Medicare and withheld income tax, file Form 941 for the third quarter of 2015. This due date applies only if you deposited the tax for the
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals,
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you are
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income
Have you heard of the ‘nanny tax?’ Even if you do not employ a nanny, it may apply to you. Hiring a house cleaner, gardener, or other household employee (who
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow
If you own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It