by Ryan Burke, CPA, MSF | Nov 3, 2021 | Business
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of the features....
by Paula Kennedy, EA | Oct 7, 2021 | Tax
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are the main...
by Brian Hare, CPA, CGMA | Nov 30, 2020 | Business
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses....
by Paula Kennedy, EA | Jan 8, 2020 | Blog
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four changes....
