Should You Keep Home Improvement Records?
Many taxpayers don’t feel the need to keep home improvement records, but you could miss out on the exclusion for home gains if you don’t.
Are You Eligible for Any of These College-Related Federal Tax Benefits?
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you’re in this situation, we provide details on three federal tax benefits that might help put a few more dollars back in your pocket.
False Employee Retention Credit Claims Can Mean Big Problems Later
Attention Business Owners: Before trying to claim the Employee Retention Credit (ERC), the IRS urges you to carefully review the guidelines to prevent ineligible people from filing for the credit.
IRS Issues Guidance on State Tax Payments
Did you receive a special payment from your state in 2022? Do you know if you’ll be taxed on that payment? The IRS has determined the federal income tax status, and we have the details.
50 and Older? Here’s Your Chance to Catch Up on Retirement Saving
If you qualify, you can make a deductible IRA contribution for 2022 up until the tax filing deadline on April 18, 2023. If you are someone age 50 or older, don’t forget you qualify to make a catch-up contribution.
Tax Benefits for Grandchildren
As a grandparent, you can teach your grandchildren financial responsibility while securing their financial future. We provide some tips so you can avoid any harsh tax consequences.
How to Receive Payments in QuickBooks Online
Getting paid is much more enjoyable than paying your bills. Here are three ways to process incoming money from customers using QuickBooks Online!
Could Your Living Situation Change as You Grow Older?
Planning for the consequences of aging in general, and long-term care in particular, will depend on your preferences and circumstances. We look at some of your living options when you need care.
Health Insurance Made Simple
The cost of medical care is soaring higher every year, and it’s becoming increasingly difficult (and in some cases, impossible) to pay medical costs out of pocket. Whether you already have health insurance or want to get it, here’s some basic information to help you understand it.
Will the Recently Passed Pension Legislation Affect You?
The Consolidated Appropriations Act, 2023, included the SECURE 2.0 Act that can significantly impact and augment your retirement planning strategies. Some provisions apply to individuals while others benefit businesses. We look at the most significant provisions.