by Paula Kennedy, EA | Aug 24, 2023 | Blog, Tax, Uncategorized
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of your benefits package, and the coverage is higher than $50,000, there may be undesirable income tax implications. You’re...
by Paula Kennedy, EA | Aug 18, 2023 | Business
As the Fed continues to do battle with inflation, and with fears of a recession not quite going away, companies have been keeping a close eye on the costs of their health care benefits and pharmacy coverage. If you’re facing higher costs for health care benefits this...
by Paula Kennedy, EA | Aug 3, 2023 | Tax
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home more energy efficient — and there’s a cool tax break that may apply. Thanks to the...
by Paula Kennedy, EA | Aug 3, 2023 | Tax
If you’re age 50 or older, you can probably make extra catch-up contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here are the rules of the road. The deal with IRAs Eligible taxpayers can make extra catch-up contributions of up to...
by Paula Kennedy, EA | Aug 2, 2023 | Business
With the pandemic behind us and a red-hot summer in full swing, many of your company’s employees may be finally rediscovering the uninhibited joys of vacation. Your workers might be having so much fun, in fact, that they might highly value being able to buy...
