Unexpected Windfall or Financial Pitfall? Navigating the Tax and Financial Consequences of Losing Your Job

, ,
Article Highlights:  Severance Pay Unemployment Compensation Health Insurance COBRA Marketplace Employer Retirement Plans Repaying Retirement Plan Loans Moving and Home Sale Navigating the Financial Consequences Losing…

Stop Chasing Payments: QuickBooks’ Reminders Can Help You Get Paid Faster

, ,
In 2021, QuickBooks introduced a set of reminder options designed to tackle one of the most pressing challenges for many businesses: getting customers to pay on time. If you haven't fully utilized these features yet, it's time to revisit them…

Surprising Tax Impact of Converting Your Traditional IRA to a Roth IRA

, , ,
Article Highlights: Understanding Traditional and Roth IRAs The Conversion Process Benefits of Converting Tax-Free Withdrawals No Required Minimum Distributions Estate Planning Advantages Pros and Cons of Converting …

Important September 2024 Due Dates

,
September 2024 Individual Due Dates September 1 - 2024 Fall and 2025 Tax Planning  Tax Planning Contact this office to schedule a consultation appointment. September 10 - Report Tips to Employer If you are an employee who works for…

Unlimited Deductions: How Landlords Can Navigate Beyond the $25,000 Loss Limitation

,
Article Highlights: $25,000 Rental Passive Loss Limitation Unlimited Losses When Qualifying as a Real Estate Professional What is Material Participation? Navigating the Rules Examples The intricacies of tax law, particularly…

Cash In on Global Wealth: How Working Abroad Can Slash Your Tax Bill and Expand Your Horizons

, ,
Article Highlights: Qualifications Tax Home in a Foreign Country Foreign Earned Income Bona Fide Residence Test Physical Presence Test Foreign Housing Exclusion and Deduction Married Couples Self-Employed Individuals …

Education Savings: How a Sec 529 Plan Can Transform Your Family's Future

Article Highlights: What is a Sec 529 Plan? Tax Benefits of Sec 529 Plans Funding a Sec 529 Plan Who Can Contribute to a Sec 529 Plan Gift Limitation and the 5-Year Option Form 709 and Making Up Contributions Higher Education…

Protecting Our Seniors; Understanding and Preventing Scams

,
Article Highlights: Understanding the Threats Common Scams Targeting Seniors Awareness and Protection Strategies Tips for Caregivers Key Points to Remember IRS Advice and Resources Key IRS Recommendations What to Do…

Important August 2024 Due Dates

August 2024 Individual Due Dates  August 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than…

Invest in Customer Experience to Boost Your Bottom Line

, ,
In today's competitive business landscape, providing an exceptional customer experience (CX) is no longer a luxury—it's a necessity. Companies that prioritize CX not only foster customer loyalty but also see significant improvements in their…