Did you know there are tax benefits available to offset the expenses of adopting a child? In 2022, adoptive parents may be able to claim a credit against their federal tax for up to $14,890 of “qualified adoption expenses” for each child. This will increase to $15,950...
Stapley Accounting, LLC wants you to know that when one business is sold to another, the buyer often asks for a determination letter to help assure that the seller’s 401(k) plan is qualified. The seller then requests such a letter from the IRS, but availability is...
The current calendar year is winding down and a fresh 12 months lies ahead. That makes now a good time to think about how you should present yourself to your Cache Valley customers and prospects next year. The U.S. economy has undergone notable change in 2022....
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can come after either spouse to collect the entire tax — not just the part that’s attributed to...
Handle Problematic Employees With Care When your organization hires someone, it’s important to ensure that the individual is both qualified for the position and a good fit for your mission and culture. But no matter how hard you try, you could still end up with...
