Retirement
Tax Benefits for Child Daycare Providers and Users
Article Highlights: Daycare Providers Simplified Food Deduction Special Rules for Business Use of the Provider’s Home Home Sale Consequences Other Expenses Other Daycare Provider Issues Daycare User Credit Employer Dependent…
Read MoreNew Payroll Tax in Washington State (earn over $300,000 a year?)
Do you work at Amazon, Microsoft, Facebook, F5 Networks, or any of the other large tech employers in Washington State? Do you earn over $300,000 a year? If so, read…
Read MoreWhat Happens If You Can’t Pay Your Taxes?
What happens if you complete your tax return and find that you can’t pay the amount you owe? This isn’t supposed to happen. You’re supposed to pay income taxes gradually…
Read MoreOctober 2021 Individual AND Business Tax Due Dates
October 2021 Individual Due Dates October 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September,…
Read MoreRetirement Plan and IRA Required Minimum Distributions FAQs
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the RMD rules. If…
Read MoreExcess Retirement Plan Contributions Can Be Taxing
Article Highlights: Excess IRA Contributions Excess Contribution Penalty Correcting Excess IRA Contributions Applying the Excess to a Future Year Excess 401(k) Contributions Failing to Timely Correct 401(k) Excess Contributions Some…
Read MoreTop Tax Deductions for a Small Business
How much can you write off for a home office? Deductions for a home office are based on the percentage of your home devoted to business use. You must figure…
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