Consider hiring your spouse as your company?s first employee.? For many taxpayers beginning a new business, there are always concerns and questions about decisions to be made.? How to finance the new endeavor, where to locate the office, and who to choose as the right...
by?Andrew D. Schwartz CPA Most years, the government bumps up the maximum Social Security taxes that you can pay. ?For 2020, the maximum wage base jumps to $137,700, an increase of $4,800, or 3.6%, over the max of $132,900 that was in place for 2019. At a rate of...
Last month, our firm hosted a live webinar in our Financial Boot Camp series titled?”How to FIRE: Strategies for Becoming Financially Independent and Retiring Early””?which was recorded and is now available online. According to the presenter Alex...
?One of the most interesting wrinkles of the Tax Cuts and Jobs Act was the creation of Opportunity Zones. According to the IRS, Opportunity Zones are particular distressed communities throughout the country in need of economic revitalization. Under a nomination...
Month Income Taxes Saving and Investing NOVEMBER Need to make applicable elections in connection with employer’s flexible spending account Good time to make semi-annual donation of clothing and household items to charitable organizations.? Don’t forget to...
