by Stapley Accounting | Sep 30, 2022 | Accounting
by Stapley Accounting | Sep 29, 2022 | Accounting
How to avoid the early withdrawal tax penalty on IRA distributions When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what...
by Stapley Accounting | Sep 27, 2022 | Accounting, Business
IRS extends relief for physical presence signature requirement Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or notary public, it must be witnessed “in the physical presence” of...
by Stapley Accounting | Sep 22, 2022 | Accounting
Estimated tax payments: Who owes them and when is the next one due? If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment...
by Stapley Accounting | Sep 21, 2022 | Accounting, Employer
Under some circumstances, an employer that sponsors a 401(k) might wish to amend its plan to exclude part-time employees and offer the benefit only to full-time staff members. Is such an approach allowed under the rules for qualified plans? Coverage and service rules...
by Stapley Accounting | Sep 15, 2022 | Accounting
How disability income benefits are taxed If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s taxable to...
