Take Advantage of Small Business Tax Benefits for 2022

Take Advantage of Small Business Tax Benefits for 2022

As we enter the last quarter of 2022, now’s a good time to think about taking full advantage of any tax benefits that may apply to you and your small business. Keep these deductions in mind: Enhanced Business Meal Deduction & Home Office Deduction.

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Should You Be Making Estimated Tax Payments?

Should You Be Making Estimated Tax Payments?

If you are an employee, your federal tax payments are typically withheld from your paycheck by your employer. However, if some or all of your income is not subject to withholding, you should be making quarterly estimated tax payments. This typically applies if you are self-employed, an investor or a retiree — OR if your employer withholds taxes, but you receive additional income not subject to withholding, such as interest, dividends, capital gains, alimony, cryptocurrency and rental income.

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Tax Tips for Teenagers & Summer Jobs

Tax Tips for Teenagers & Summer Jobs

Does your teenager have a summer or part-time job? Depending on how much they earn, they may have to file a tax return next April. Just because you claim them as a dependent on your tax return does not excuse your child from filing their own return in certain situations. What’s more, you cannot claim your child’s earned income on your own tax return.

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Traveling for Business? Here’s What You Need to Know

Traveling for Business? Here’s What You Need to Know

Tax season was over in April, so you’re good until next year, right? Well, ignoring your financial situation for another six months may not be such a good idea. If you take a little time to plan ahead now, you can spot surprises before they become an issue, make things more manageable next tax season, and maybe even save yourself some money.

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It’s Time for a Mid-Year Tax Check-Up

It’s Time for a Mid-Year Tax Check-Up

Tax season was over in April, so you’re good until next year, right? Well, ignoring your financial situation for another six months may not be such a good idea. If you take a little time to plan ahead now, you can spot surprises before they become an issue, make things more manageable next tax season, and maybe even save yourself some money.

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Changes Are Coming to Your 401(k) Statements

Changes Are Coming to Your 401(k) Statements

A new information policy will soon impact your 401(k) statements, thanks to the Secure Act, which was passed in 2019. The legislation requires special disclosures be added to your quarterly statements issued after June 30.

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