by Stapley Accounting | Nov 14, 2024 | Accounting, Employer, Taxes
Make Your Gifts Count As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to loved ones is by giving cash gifts before December 31. Under tax law,... by Stapley Accounting | Aug 31, 2023 | Accounting
The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audits these days, that will be little consolation... by Stapley Accounting | Dec 29, 2022 | Accounting, Savings
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. But now, because many estates...
by Stapley Accounting | Oct 27, 2022 | Accounting
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to a Roth IRA at a lower tax cost....
by Stapley Accounting | Oct 20, 2022 | Accounting
A Divorce Is Messy Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly...
by Stapley Accounting | Oct 19, 2022 | Employer, Accounting
Telecommuting Helps Many Businesses During the initial pandemic lockdowns of 2020, many people learned what it was like to work from home. Not everyone loved it, but some employers and employees found telecommuting to be so mutually beneficial that they’re still doing...
