by Stapley Accounting | May 23, 2024 | Uncategorized
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you have, up to 85% of your benefits could be hit with federal income tax.... by Stapley Accounting | May 22, 2024 | Employer
For a long time now, cafeteria plans — also known as flexible benefits plans or Section 125 plans — have allowed employers to offer employees a varied menu of customized, tax-friendly fringe benefits. One of the great things about these plans is that, once designed... by Stapley Accounting | May 21, 2024 | Business
When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying to move a couch down a steep flight of stairs. But businesses sometimes choose to pivot, too. Under a formal pivot strategy, a... by Stapley Accounting | May 16, 2024 | Uncategorized
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an appreciated vacation home. Scenario 1: You’ve never used... by Stapley Accounting | May 15, 2024 | Employer
Tax-advantaged accounts or reimbursement arrangements for health care have become popular employer-sponsored benefits. And for good reason — these accounts or arrangements ease the burden of high costs on organizations while giving employees a tax-friendly way to...
