retirement plans Archives -

Do your tax strategies need a refresh? The best tax planning strategies for you will evolve as your situation changes, whether due to life events, economic developments or new tax laws.

By QuickBooks Expert|2023-12-21T11:13:52-05:00December 21st, 2023|Accounting and Auditing, Business, Estate planning, Taxation|

As the year draws to a close, it is important to assess your financial situation and consider strategies to optimize your tax position for the upcoming tax season. This year-end tax planning guide serves to help you make informed decisions that can positively impact your tax liability. Year-End Tax Planning Steps: Individual Planning: Take a [...]

Comments Off

SAFEGUARDING YOUR CRITICAL DOCUMENTS

By QuickBooks Expert|2023-08-29T11:29:38-04:00September 25th, 2023|Accounting and Auditing, Estate planning, Retirement, Taxation|

So many of the documents we all use in our personal lives these days are digital. However, there are still many that you should retain as hard copies. These include: Birth, marriage and death certificates Social Security cards Tax returns Passports Estate planning documents, such as deeds and wills Be sure to safeguard [...]

Comments Off

PLAN AHEAD FOR HEALTH SAVINGS ACCOUNTS IN 2024

By QuickBooks Expert|2023-08-29T11:21:49-04:00September 18th, 2023|Accounting and Auditing, Business, Taxation|

The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). The benefits of HSAs include: contributions are made on a pretax basis; funds can be withdrawn tax-free to pay for a variety of medical expenses, such as doctor visits, prescriptions, chiropractic care and long-term care insurance premiums; and [...]

Comments Off

5 LAST MINUTE TAX MOVES FOR YOUR BUSINESS

By QuickBooks Expert|2022-08-18T08:44:08-04:00December 16th, 2019|Accounting and Auditing, Business, Taxation, Uncategorized|

The days of the calendar year are vanishing quickly, but there still may be some last-minute strategies that business owners can use to lower their 2019 tax bills. Here are five to consider: Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait [...]

Comments Off