Retirement planning: Understanding the tax implications of IRA, 401(k), and other retirement accounts
As you approach retirement, you need to make sure that your finances are in order. This includes understanding the tax implications of your retirement accounts. In this blog post, we'll look at IRA, 401(k), and other retirement accounts, and explain how they affect...
The Benefits of Hiring a CPA for Your Small Business
Running a small business can be a difficult task, and there are many different aspects to keep track of. Filing taxes and managing finances can be especially challenging for small business owners, as it requires knowledge of tax codes and financial regulations. This...
How to get your tax refund back quickly
According to the IRS, the average tax refund is $2,725. That's a significant chunk of change, and it generally arrives within 21 days of filing your return. But what if you need that money sooner? Here are a few tips for getting your refund back quickly. File...
Energy Efficient Home Improvement Credit
The Energy Efficient Home Improvement Credit now also covers biomass stove and boilers, electrical panels, and home energy audits. The nonbusiness energy credits have been extended to 2032 with removal of lifetime credit limits to an annual credit limit. The credit is...
Understanding the Basics of Payroll Taxes
Payroll taxes can seem overwhelming because of the complexity of each filing agency. Below is a simple guideline to understanding the basics of payroll taxes. An employer that process payroll for their employees enters into a fiduciary relationship between the taxing...
What to do when you get an IRS notice
Don’t panic! The letter wording is designed to get your attention. The letter is to make you aware of a possible problem. And most letters are triggered by a computer. So it maybe as simple issue of the IRS has not processed documents you have already submitted....