by Mary Philipps | Mar 1, 2023 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Use After-Tax Contributions to Funnel More Into Your 401(k)As the end of the year approaches, you may have already maxed out your 401(k) plan contributions for 2022. However, some plans have an option to keep making after-tax contributions past the deferral limits....
by Mary Philipps | Feb 28, 2023 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
What Freelancers Can Write Off on Their TaxesWhen you are self-employed or freelance outside of your day job, there are additional taxes you need to navigate. While this sounds like (and often is) a killer headache, you also have the opportunity for unique tax breaks....
by Mary Philipps | Dec 2, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax Strategies for a Bonus or WindfallYes, it’s inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages,...
by Mary Philipps | Oct 25, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax-Savvy Investment Strategies for Retirement AccountsWhile most people receive Social Security, a secure financial retirement depends on also having significant savings in a retirement account. Typically these savings must last nearly 20 years (assuming the average...
by Mary Philipps | Oct 21, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot
Tax Credits for Energy-Efficient Home RenovationsTwo federal income tax credits reward energy-efficient home improvements very differently. Which credit you use depends on the improvements you make. Under federal tax law, new energy-efficient windows and doors...
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