ConnollySteeleOct 123 minUpdate on depreciating business assetsThe Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation...
ConnollySteeleMay 193 min4 tax challenges you may encounter if you’re retiring soonAre you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax...
ConnollySteeleMay 192 minIf you’re hiring independent contractors, make sure they’re properly handledMany businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary...
ConnollySteeleMay 102 minQuestions you may still have after filing your tax returnIf you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions...
ConnollySteeleMay 103 minUse the tax code to make business losses less painfulWhether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by...
ConnollySteeleMay 103 minThe IRS clarifies what counts as qualified medical expensesIf you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some...
ConnollySteeleMay 102 minEducation benefits help attract, retain and motivate your employeesOne popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with...