by Stapley Accounting | Jan 25, 2023 | Uncategorized
They say it came from TikTok. If you’ve heard or read the term “quiet quitting” recently, you might have wondered what it means and why everyone seems to be talking about it. Simply defined, quiet quitting is when employees show up for work but basically stop trying.... by Stapley Accounting | Jan 19, 2023 | Uncategorized
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how the interest you earn is taxed. And if they reach final maturity, what action do you need to take... 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,...
