by Stapley Accounting | Jan 18, 2023 | Uncategorized
Late last year, the Consolidated Appropriations Act, 2023 (CAA 2023) was signed into law. Much of the discussion about this massive “omnibus” spending package has centered on the Setting Every Community Up for Retirement Enhancement 2.0 Act, a law within the package... by Stapley Accounting | Jan 12, 2023 | Uncategorized
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72. The rules for taking required minimum distributions (RMDs) are... by Stapley Accounting | Jan 5, 2023 | Retirement, Uncategorized
The 401(K) Plan Is A Great Way To Prepare for Retirement Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way... by Stapley Accounting | Dec 22, 2022 | Uncategorized
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion. The exclusion amount is adjusted for inflation annually, and for 2022,... by Stapley Accounting | Nov 30, 2022 | Uncategorized
It’s a subject that most people don’t like to think about, but every employer must address. Workplace violence is an enormous threat to the physical, mental and psychological well-being of your employees. And just one incident can drastically lower the morale and... by Stapley Accounting | Nov 17, 2022 | Uncategorized
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...
