The IRS recently released updated tables for use in calculating required minimum distributions (RMDs) from qualified retirement plans, individual retirement accounts (IRAs) and annuities, and certain other tax-favored, employer-provided retirement arrangements. The updated tables take effect in 2022 and will generally result in smaller RMDs. RMDs for 2021 will be calculated under the current tables. […]
Take the Pulse of Your Tax Health
Regular financial checkups give you an opportunity to identify where you can improve your overall tax situation. They also help identify areas of concern that may require more detailed attention. In a similar fashion, regularly reviewing your tax situation with a financial professional can identify opportunities to improve your tax picture and can often shed […]
Crypto-Mania: Why Are So Many Investing?
The era of cryptocurrencies is upon us. At least that’s what Wall Street and the press would have us believe. Cryptocurrencies — AKA cryptos — such as Bitcoin and Ethereum have captured the interest of retail investors across the globe and now account for an oversized share of daily trading. They also attract major media […]
How Accounting Can Help Your Business Succeed
If you think your accountant’s skills are only helpful at tax time, think again. As a small business owner, accounting is vital to your business in various ways you may not realize. A trusted accountant can be one of your top allies in establishing and maintaining a successful business. Read on to learn our top […]
Starting a Side Gig in 2022? Your New Tax Obligations
It’s not just self-employed individuals who must pay estimated taxes. Here’s what you need to know. W-2 income tax withholding isn’t perfect. You’ve probably had years when you owed more than you expected to on April 15. Or you were pleasantly surprised to receive a sizable refund. The idea, of course, is to try to […]
Cash Flow Strategies for Cash-Strapped Businesses
Cash is critical to the functioning of every business. Maintaining a healthy cash flow not only allows a company to meet its financial obligations but also gives it the flexibility to take advantage of emerging opportunities. All too often, however, small businesses find themselves in a cash crunch, struggling to pay the bills and stay […]