by Stapley Accounting | Mar 14, 2024 | Uncategorized
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up... by Stapley Accounting | Mar 13, 2024 | Employer
You’ve probably heard that an employer will likely spend less money trying to improve an employee’s performance than it would firing the worker and hiring someone new. Indeed, this generally does hold true, unless the staff member in question could put your... by Stapley Accounting | Mar 12, 2024 | Business
There’s no way around it — owning and operating a business comes with risk. On the one hand, operating under excessive levels of risk will likely impair the value of a business, consume much of its working capital and could even lead to bankruptcy if those risks... by Stapley Accounting | Mar 7, 2024 | Uncategorized
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was enacted at the end of 2022, brought even more changes that made IRAs more advantageous for many taxpayers. What hasn’t... by Stapley Accounting | Mar 6, 2024 | Employer
Most employees today recognize the need to save for retirement and expect to be offered a 401(k) or other qualified plan when hired. But there’s another aspect to everyone’s golden years that’s much less discussed, possibly because it’s unpleasant to think about.... by Stapley Accounting | Mar 5, 2024 | Business
Businesses of all shapes and sizes are well-advised to buy various forms of insurance to manage operational risks. But insurance itself is far from risk-free. You might overpay for a policy that you don’t really need. Or you could invest in cheap coverage that does... by Stapley Accounting | Feb 29, 2024 | Uncategorized
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive such a letter, can you still claim a deduction for the gift on your 2023 income tax return? It depends. ... by Stapley Accounting | Feb 28, 2024 | Employer
Many employers rightly proclaim that their employees are their most valuable assets. If this holds true for your organization, it stands to reason that paying those employees consistently and accurately is among the most important things you must do. Unfortunately,... by Stapley Accounting | Feb 27, 2024 | Business
For businesses, and people for that matter, the beginning of the calendar year can be a bit of a grind. The holidays have passed, summer vacations are relatively far off, and everyone is trying to build momentum for a strong, healthy year. Amongst all the... by Stapley Accounting | Feb 22, 2024 | Uncategorized
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain tax breaks and your correct tax. The five filing statuses are: Single Married filing jointly, Married filing...
