by Stapley Accounting | Apr 11, 2024 | Uncategorized
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you inherit a tax-favored retirement account, including a traditional... by Stapley Accounting | Apr 10, 2024 | Employer
Mentorship programs are nothing new, but their popularity tends to wax and wane depending on factors such as industry needs and workforce demographics. One recent survey indicates that these programs may be coming back in style again for some employers — and the... by Stapley Accounting | Apr 9, 2024 | Business
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps to think about launching a plan for the very first time. If you’re going to do... by Stapley Accounting | Apr 4, 2024 | Uncategorized
The April 15 tax filing deadline is right around the corner. However, you might not be ready to file. Sometimes, it’s not possible to gather your tax information by the due date. If you need more time, you should file for an extension on Form 4868. An extension will... by Stapley Accounting | Apr 3, 2024 | Employer
When employees leave their jobs, financial advisors typically encourage them to roll over their 401(k) plans into a new employer’s plan or perhaps an IRA. Many people follow this advice, but not everyone. As you may be able to attest, many employers that sponsor... by Stapley Accounting | Apr 2, 2024 | Business
Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such as lenders and investors, place greater... by Stapley Accounting | Mar 28, 2024 | Uncategorized
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much lower rates that a child would otherwise pay. For purposes of this federal income tax provision,... by Stapley Accounting | Mar 27, 2024 | Employer
Among the biggest mistakes employers can make is assuming their leaders are finished products. Whether a supervisor, middle manager or executive, leaders need continuous development to keep up with the ever-evolving norms, challenges and opportunities to fulfill their... by Stapley Accounting | Mar 21, 2024 | Uncategorized
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. 1. What are... by Stapley Accounting | Mar 20, 2024 | Employer
It’s safe to say that “gig workers” are firmly ensconced in the U.S. economy — especially in certain industries. And we don’t mean only those helpful folks who drop off dinner at the front door or give you a ride home from the restaurant. Nay, many kinds of...
