by Paula Kennedy, EA | Jan 23, 2023 | Blog, Business, Tax
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over...
by Paula Kennedy, EA | Jan 11, 2023 | Uncategorized
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022....
by Paula Kennedy, EA | Dec 28, 2022 | Blog, Uncategorized
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already...
by Paula Kennedy, EA | Dec 19, 2022 | Blog, Tax, Uncategorized
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule. The loss could be disallowed under this rule: if you sell stock or securities for a loss and buy...
by Paula Kennedy, EA | Nov 30, 2022 | Blog, Tax
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions: Donating to charity In 2022, in order to receive...
