Factoring the QBI Deduction into Year-End Tax Planning for Your Business
Oct 4, 2024 | Tax Tips
Thanks to the Tax Cuts and Jobs Act, sole proprietors and owners of pass-through entities, such as partnerships, S corporations and, generally, limited liability companies, may be able to claim tax deductions based on their qualified business income (QBI) and certain...Added Protection for Your Personal and Financial Information
Oct 4, 2024 | Tax Tips
Protection is key when guarding your personal and financial information from fraudsters. That’s why the IRS offers a vital tool, the Identity Protection Personal ID Number (IP PIN). The IP PIN is a six-digit number you can apply for voluntarily. It’s known only to you...Medicare Premiums may Lead to Tax Savings
Sep 8, 2024 | Tax Tips
If you pay premiums for Medicare health insurance, you may be able to combine them with other qualifying expenses and claim them as an itemized deduction for medical expenses on your tax return. This includes amounts for “Medigap” insurance and Medicare Advantage...Don’t Wait Until the Last Minute to File Your Extended Return!
Sep 8, 2024 | Tax Tips
If you requested an extension to file your 2023 tax return, you probably know that the extended deadline is coming up soon, on Oct. 15. If you have the information you need, consider filing now. There’s no advantage to waiting, and last-minute filing may lead to...An Employee Benefit with Possible Magnetic Power
Sep 8, 2024 | Tax Tips
Employers seeking to attract new recruits and retain talent should consider offering educational assistance programs to their employees. The plans aren’t new, but they temporarily offer greater flexibility in how they work. Through Dec. 31, 2025, the funds can be used...Tax Due Dates for
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