The process of growing your financial asset is known as investment. This can happen in various ways, like investing in an asset that will give a cash flow, rising prices, or both....
Posted by CORE PERFORMANCE on 03/31/2021
Fringe benefits can be defined as a type of payment offered for the rendering of services. An example is when the workers are served a meal at lunch during work. This, however,...
Posted by Thomas G Kinsella, ATP on 03/16/2021
All income begins with gross income, which is the total of all money earned in a year. This includes wages, salaries, bonuses, capital gains, and interest income. As we know from our...
Posted by Accurate Books And Tax on 02/04/2021
This shouldn't come as a surprise, but the cost of healthcare is increasing. And, while it's kind of a bumper, there is a silver lining. There is a really useful way to offset...
Posted by International Tax Consultants, LLC on 01/30/2021
The Additional Medicare Tax has been enacted since 2013, which affects taxpayers that make more than 200,000 USD or 250,000 USD as married couples. This set of people will pay an extra...
Posted by Tiffany Gaskin on 01/13/2021
2021 is right around the corner, but there is still a short time to lower your 2020 tax bill, increase your savings, help your community, and secure your financial future in the process....
Posted by The TaxAdvocate Group, LLC on 12/25/2020
What is the 1099-PATR form?The forms in the IRS 1099 Series helps taxpayers report money received from various lesser-known sources. Form 1099-PATR is the IRS form sent to taxpayers...
Posted by Flynn Financial Group Inc on 11/30/2020
Anyone that uses funds from a medical saving account or health savings account like an Archer or Medicare MSA, with the firm that administers it must reflect this in Form 1099-SAThere...
Posted by Aurelia E Weems CPA on 11/25/2020
There will be an increase in contribution limits for Health Savings Accounts in 2021. Self-only coverage will have an increase of $50, while family coverage will have an increase of...
Posted by Income Taxes and Bookkeeping LLC on 11/25/2020
