by idei | Sep 11, 2024 | TaxBiz
A significant topic of conversation is the 2017 tax legislation, known as the Tax Cuts and Jobs Act (TCJA), which is scheduled to expire at the end of 2025. This legislation introduced major modifications to the tax framework, including: The expansion of tax brackets...
by idei | Sep 4, 2024 | TaxBiz
The Internal Revenue Service (IRS) issued a warning Wednesday cautioning taxpayers to beware of a new scam involving the purchase of clean energy tax credits. The IRS said it’s seeing cases where unscrupulous tax preparers misrepresent the rules for claiming...
by idei | Aug 28, 2024 | TaxBiz
SIMPLE stands for Savings Incentive Match Plan for Employees, indicating that both employers and employees contribute to the plan. ➡️ Employees have the option to defer a portion of their salary into their retirement account, and employers can choose to match that...
by idei | Aug 21, 2024 | TaxBiz
A SEP IRA, or Simplified Employee Pension Individual Retirement Account, is a type of retirement plan designed to assist business owners and self-employed individuals in saving for retirement. It functions similarly to a traditional IRA, as contributions are...
by idei | Aug 14, 2024 | TaxBiz
Are you starting a new job? While you may be focused on the work aspects of your new position, it’s important to recognize that this also marks a significant financial transition beyond just a salary change. Mastering this transition and ensuring you don’t leave any...
