Young families should make these changes throughout the year to keep their taxes low. Here are the areas you should be looking to save:Give yourself a raise.If you received a huge...
Posted by Income Taxes and Bookkeeping LLC on 08/06/2021
Employee expenses are no longer deductible. Nevertheless, if the employer reimburses the employee under an accountable plan, the reimbursements should not be reported as income by...
Posted by Income Taxes and Bookkeeping LLC on 04/06/2021
Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...
The HEART (Heroes Earnings Assistance and Relief Tax Act 2008) Acts provides tax and retirement benefits for service members who are disabled while on active service for more than...
When my friend doesn't pay me for a meal we promised to split the bill, it's called losing a friend's trust. When my employer does not reimburse a business expense that...
Posted by Abundant Wealth Planning LLC on 01/31/2021
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...
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
Posted by Tucker Accounting Services LLC on 01/06/2021
As the United States seeks to prevent the spread of COVID-19, companies have made difficult decisions to stay afloat and maintain a healthy work environment for employees. Today, millions...
Posted by Don Bell Law on 06/22/2020
The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...