Protect The “Ordinary & Necessary” Advertising Expenses of Your Business
How does a business know if advertising and marketing expenses are “ordinary and necessary” so they can be deducted on its tax return? Here’s a look at the issue.
There still may be time to make an IRA contribution for last year
If you want to help ensure your financial security in retirement, saving now is one of the best moves you can make. If you qualify, you still have time to contribute to an IRA or SEP and save on your 2022 tax return.
Child tax credit: The rules keep changing but it’s still valuable.
If you’re a parent, you know that children are expensive. Fortunately, there’s a federal Child Tax Credit that may help you with the expenses. Here are the current rules.
Have employees who receive tips? Here are the tax implications
Here are some tax tips for businesses with employees who receive tips.
Retirement plan early withdrawals: Make sure you meet the requirements to avoid penatly
Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.
Why you might want to file early and answers to other tax season questions
Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.
Tax-saving Ways to Help Pay For College – Once Your Child Starts Attending
As any parent of a college student knows, higher education is expensive. Fortunately, there are some tax breaks for eligible parents.
Employers Should Be Wary of ERC Claims That Are Too Good To Be True
Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.
SECURE 2.0 Law May Make You More Secure in Retirement
Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022.
Save For Retirement By Getting The Most Out Of your 401(k) Plan
Are you contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for 2023.