by Stapley Accounting | Sep 29, 2022 | Accounting
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age,... by Stapley Accounting | Sep 28, 2022 | Accounting, Employer
Does your organization offer a 401(k) plan to its employees? This is a common fringe benefit for the rank and file. However, some employers might want to take their benefits packages to the next level by offering special options to key employees. In such cases, a... by Stapley Accounting | Sep 27, 2022 | Accounting, Business
Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or notary public, it must be witnessed “in the physical presence” of the representative or notary — unless guidance has provided an... by Stapley Accounting | Sep 22, 2022 | Accounting, Taxes
Who Owes Estimated Tax Payments and When is the Next One Due? If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment... by Stapley Accounting | Sep 21, 2022 | Accounting, Employer
Under some circumstances, an employer that sponsors a 401(k) might wish to amend its plan to exclude part-time employees and offer the benefit only to full-time staff members. Is such an approach allowed under the rules for qualified plans? Coverage and Service Rules... by Stapley Accounting | Sep 20, 2022 | Accounting, Business
Checking in on your accounts payable processes Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in place, accounts payable processes tend to get taken for...
