ConnollySteeleDec 7, 20222 minAnswers to your questions about taking withdrawals from IRAsAs you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA...
ConnollySteeleDec 5, 20222 minChoosing a business entity? Here are the pros and cons of a C corporationIf you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the...
ConnollySteeleDec 1, 20223 minStrategies for investors to cut taxes as year-end approachesThe overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some...
ConnollySteeleNov 28, 20222 minIntangible assets: How must the costs incurred be capitalized?These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so...
ConnollySteeleNov 25, 20222 minYear-end giving to charity or loved onesThe holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before...
ConnollySteeleNov 21, 20222 minIs your business closing? Here are your final tax responsibilitiesBusinesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration,...
ConnollySteeleNov 16, 20223 minHow savings bonds are taxedSeries EE Bonds dated May 2005 and after earn a fixed rate of interest. Bonds purchased between May 1997 and April 30, 2005, earn a...