Reduce Your Taxes by Putting the Right Assets in Your IRA
Category Archives: Tax and Financial News
Reduce Your Taxes by Putting the Right Assets in Your IRA
Share by Most people know the basic concept that certain types of investment accounts are tax sheltered while others are not. Think 401(k), 403(b), IRA and Roth IRA accounts, for example. What most people are not aware of is how … Continue reading
U.S. Beneficial Ownership Information Reporting Begins
Share by The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate anonymity is enabling money laundering, terrorism, and drug trafficking. As part of the 2021 Corporate Transparency Act (CTA), … Continue reading
How to be Your Tax Pro’s Favorite Client this Tax Season
Share by Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client, and aside from treating them with the same decency and respect … Continue reading
IRS Plans to Shake Up Leadership
Share by The top leadership in the IRS is set to change. IRS Commissioner Daniel Werfel believes the changes are needed for the agency to meet its new goals. He aims to create greater flexibility and efficiency over the agency … Continue reading
The 2023 Tax Planning Guide
Share by It’s that time of year again: time for year-end tax planning. With the end of 2023 coming fast, the time to act is now. In this article, we’ll look at the moves you can make to optimize your … Continue reading
New Business Travel Per Diem Rates Announced for 2023-2024
Share by New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after Oct. 1, 2023. These updated rates include changes for the transportation industry, incidental expenses as well as the … Continue reading