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Choosing a business entity: Which way to go?
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for...
ConnollySteele
Nov 14, 20233 min read


Contributing to your employer’s 401(k) plan: How it works
If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should...
ConnollySteele
Nov 14, 20232 min read


New per diem business travel rates became effective in October
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that...
ConnollySteele
Nov 14, 20233 min read


Facing a future emergency? Two new tax provisions may soon provide relief
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking...
ConnollySteele
Nov 14, 20232 min read


The Social Security wage base for employees and self-employed people is increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for...
ConnollySteele
Nov 14, 20232 min read


The IRS has announced 2024 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An...
ConnollySteele
Oct 17, 20232 min read


Being a gig worker comes with tax consequences
In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out...
ConnollySteele
Oct 17, 20232 min read
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