by admin | Jul 9, 2024 | TaxBiz
🔎 Several provisions of the Tax Cuts and Jobs Act (TCJA) of 2017, enacted by former President Donald Trump, are set to expire at the end of 2025, without changes from Congress. The law included lower tax brackets, a higher standard deduction, and a boost to the child...
by admin | Jul 3, 2024 | TaxBiz
➡️ Small businesses hiring their own kids is a popular topic among social media influencers, but here we answer some questions to avoid misinformation about such posts. Must-Know Issues 🔹Wages can be deducted as a business expense, which can lead to significant...
by admin | Jun 19, 2024 | TaxBiz
Health savings accounts (HSAs) are grossly underutilized as a retirement investment tool by the people who have them, even though thousands of dollars can be invested each year. ✅ How to Get the Most out of Your HSA Account HSAs are tax-advantaged accounts intended...
by admin | Jun 13, 2024 | TaxBiz
➡️ Understanding and complying with tax obligations is very important to the success of every business, especially a new one. Below, we leave some tips for new entrepreneurs. 🔹Choose a Business Structure The form of business determines which tax return a business...
by admin | Jun 6, 2024 | TaxBiz
🔎 Of all the things that take parents’ sleep away, looming college costs may be among the most daunting: For the 2023-2024 school year, costs for a private four-year college averaged $55,470 per year for tuition, room, board, books, transportation and other...
by admin | May 30, 2024 | TaxBiz
🏠 The home has traditionally been the largest asset for most Americans, and in addition, it can provide financial stability by acting as a source of home equity for retirement income Home equity is the value of the home minus any debts you have, such as a mortgage....
