by Brian Hare, CPA, CGMA | Nov 13, 2024 | Blog, Business, Tax
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans,...
by Brian Hare, CPA, CGMA | Nov 5, 2024 | Uncategorized
We are happy to release our 2024-2025 Tax Planning Guide. This guide includes information and guidance for both businesses and individuals. If you have questions or if you would like additional information, please contact us.
by Brian Hare, CPA, CGMA | Oct 31, 2024 | Blog, Business, Tax
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is also an option for self-employed individuals or business owners who wish to upgrade from a SIMPLE IRA or Simplified...
by Brian Hare, CPA, CGMA | Sep 26, 2024 | Uncategorized
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...
by Brian Hare, CPA, CGMA | Sep 11, 2024 | Business, Tax, Uncategorized
With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and next. The strategy of deferring income and accelerating deductions to minimize taxes can be effective for most businesses, as is...
