ConnollySteeleFeb 93 min readIRAs: Build a tax-favored retirement nest eggAlthough traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law,...
ConnollySteeleFeb 92 min readShould your business offer the new emergency savings accounts to employees?As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency...
ConnollySteeleFeb 92 min readThe Corporate Transparency Act (CTA)Welcome to 2024! So many changes are in store for us. One of those changes includes the The Corporate Transparency Act (CTA). Many...
ConnollySteeleJan 183 min readAnswers to your tax season questionsThe IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting...
ConnollySteeleJan 183 min readTax-favored Qualified Small Business Corporation status could help you thriveOperating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible...
ConnollySteeleJan 182 min readThe kiddie tax could affect your children until they’re young adultsThe so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax...
ConnollySteeleJan 182 min readDoes your business have employees who get tips? You may qualify for a tax creditIf you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax...