by admin | Oct 31, 2023 | TaxBiz
Key Points You can open a traditional or Roth IRA quickly and easily through many banks or brokerage firms, and to do so, you need to earn taxable income. If you fund your IRA with tax-deductible contributions, your taxable income will be reduced by that amount. There...
by admin | Oct 24, 2023 | TaxBiz
🔔 The Internal Revenue Service (IRS) recently released Notice 2023-65, which provides guidance on the new energy-efficient housing credit, as modified by the Inflation Reduction Act (IRA). The provision, as amended by the IRA, allows eligible contractors who construct...
by admin | Oct 17, 2023 | APM
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the previous year, according to a new report from the Latino Donor Collaborative in partnership with Wells Fargo. Over the past decade, the U.S. Latino economy has grown...
by admin | Oct 10, 2023 | TaxBiz
Tax planning is the analysis and arrangement of one’s financial situation in order to maximize tax breaks, and minimize tax liabilities in a legal and efficient manner. Tax rules can be complicated, so it’s important to know them and use them to your...
by admin | Oct 3, 2023 | TaxBiz
Entrepreneurs and self-employed professionals have more than one way to set up a retirement account for themselves and their employees. Two of the most popular are the SIMPLE IRA and the SEP IRA, which offer many of the key tax advantages of a regular IRA, and avoid...
