by Stapley Accounting | Jan 23, 2025 | Uncategorized
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called... by Stapley Accounting | Jan 21, 2025 | Business
Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least much confusion and uncertainty, often follows. Succession Planning... by Stapley Accounting | Jan 20, 2025 | Business
Is it time for your Cache Valley business to start outsourcing? As a small to midsize business grows, demands on its time, talent and resources inevitably expand right along with it. Many business owners reach a point where continuing to do everything in-house — or... 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... by Stapley Accounting | Jan 7, 2025 | Business, Uncategorized
When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before funding anything other than essential operating activities. For companies that make it past that tenuous initial stage,... by Stapley Accounting | Jan 2, 2025 | Uncategorized
When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand....
