by Kimberly Cosens | Nov 15, 2023 | Uncategorized
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before you’ve reached age 59½. For this purpose, traditional IRAs include simplified employee pension (SEP-IRA) and SIMPLE-IRA...
by Kimberly Cosens | Nov 1, 2023 | Blog, Tax
If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great tax and retirement saving deal! These plans help an employee accumulate a retirement nest egg on a...
by Kimberly Cosens | Oct 17, 2023 | Blog, Business, News, Tax, Uncategorized
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs)...
by Kimberly Cosens | Aug 17, 2023 | Business
The latest news from Paychex: Business owners should be aware of important Form I-9 updates announced by the U.S. Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) DHS and ICE have announced: As of July 31, 2023, with the end of...
by Kimberly Cosens | Jun 13, 2023 | Uncategorized
Originally the SBA didn’t require any payments on the Covid-EIDL loan until two years after the loan origination date. However, in March 2022, for loans approved in 2020, 2021 and 2022, an extra six months were given providing deferred payments on the loan for 30...
