by Janet Kanan, EA | Jul 3, 2024 | Blog, Tax, Uncategorized
If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making a qualified charitable distribution (QCD). How it works To reap the...
by Janet Kanan, EA | Jun 12, 2024 | Uncategorized
Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute, 116 million individual U.S. investors owned mutual funds in 2023. But despite their widespread use,...
by Janet Kanan, EA | Apr 17, 2024 | Business, Tax, Uncategorized
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, if you’re self-employed and set up a SEP-IRA, you can contribute up to...
by Janet Kanan, EA | Mar 28, 2024 | Uncategorized
Change is near; this is your call to action! In three weeks, Paymentus will replace PayConnexion as the payment platform for business taxes through Michigan Treasury Online (MTO). If this is the first message you are receiving about this change, get caught up at...
by Janet Kanan, EA | Feb 15, 2024 | Tax, Uncategorized
Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file a 2023 gift tax return. In some cases, it might be beneficial to file one — even if it’s not required. Who must file? The annual...
