by Jonathan Bill | Dec 13, 2021 | IRS, Personal, Tax Season
December 31 is the deadline to take your required minimum distribution (RMD) for 2021. The RMD is the minimum amount you must withdraw from your retirement plan account annually starting with the year you reach 72 (in most cases). RMD amounts not withdrawn on time may...
by Jonathan Bill | Nov 11, 2021 | General Info, Personal, Retirement
Retirement may be closer than you think — especially if you’re saving money now just for that purpose. An Individual Retirement Arrangement (IRA) can be a smart way to save because it provides tax incentives to help you on your path. And IRAs are easy to set up with a...
by Jonathan Bill | Oct 28, 2021 | General Info, Personal
Life moves quickly — events like marriage, divorce, a new child or a home purchase are all good reasons to check your tax withholding before the end of the year and make any necessary adjustments. The IRS’s Tax Withholding Estimator can help you determine if you are...
by Jonathan Bill | Oct 14, 2021 | Personal, Small Business
While you may be working from home due to the pandemic, you do not automatically qualify for a home office deduction. For example, if you work as an employee for a company (that’s not yours), you generally cannot claim the home office deduction. What You Need to Know...
by Jonathan Bill | Sep 30, 2021 | General Info, Personal
T he Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several deductions for individuals and businesses who give to charity. The law generally extends — through the end of 2021 — temporary tax changes originally enacted by the...
by Jonathan Bill | Aug 2, 2021 | Personal, Small Business
Payroll is just one checkbox on an often-overwhelming to-do list. But it’s an important task nonetheless. Your employees will be unhappy if they’re not paid correctly and on time. And you’ll be unhappy if you have to spend hours each week adding up timesheets,...
