by Admin | Sep 1, 2022 | Individual Taxes, Tax Planning
Individuals with disabilities, as well as parents of disabled children, are eligible for several income tax benefits. This article explains some of these tax breaks. ABLE Accounts – A federal law allows states to offer specially designed, tax-favored ABLE accounts to...
by Admin | Aug 31, 2022 | Individual Taxes, Tax Planning
On August 24, President Biden announced a three-part plan to deal with student loan debt which includes, among other things, $20,000 in loan relief to borrowers with loans held by the Department of Education whose individual income is less than $125,000 ($250,000 for...
by Admin | Aug 31, 2022 | Individual Taxes, Tax Planning
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or financially benefit them. Mid-year is the perfect time for tax planning. The following are some events that...
by Admin | Aug 31, 2022 | Business Taxes, Tax Planning
If you had to make a list of some of the most valuable resources that businesses have when it comes to attracting and retaining top talent, an employee bonus pool would undoubtedly be right at the top. Despite the fact that unemployment is on the decline and things...
by Admin | Aug 30, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
President Biden signed into law the Inflation Reduction Act on August 16, 2022, in part which gives the IRS almost $80 billion spread over the next 10 years on top of its regular annual funding. The money is meant to be used for: Enforcement and collection measures...
by Admin | Aug 25, 2022 | Individual Taxes, Tax Planning
The IRS2Go app helps people find IRS tools and resources faster and easier than going to the IRS website. Individuals can use the IRS2Go app on their phone or any mobile device. Here is a list of some of the things you can search for: Check Refund StatusAccess IRS...
