by Stapley Accounting | Jan 16, 2025 | Uncategorized
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics QCDs can be made from your traditional IRA(s) free of federal income... by Stapley Accounting | Jan 14, 2025 | Business
Family businesses often start out small, with casual operational approaches. However, informal (or nonexistent) policies and procedures can become problematic as such companies grow. Take Your Business To The Next Level: A How-To Guide – Lead Grow Develop... by Stapley Accounting | Jan 13, 2025 | Business
Cache Valley businesses that sponsor a 401(k) must stay on top of it If your business sponsors a 401(k) plan for employees, you know it’s a lot to manage. But manage it you must: Under the Employee Retirement Income Security Act (ERISA), you have a fiduciary duty to... by Stapley Accounting | Jan 9, 2025 | Uncategorized
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The IRS recently announced next year’s inflation-adjusted amounts for several provisions. Here... by Stapley Accounting | Jan 8, 2025 | Uncategorized
Making the most of the new deduction for seniors For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). But an income-based phaseout could reduce or eliminate your...
