by Service2Client | May 1, 2023 | Blog, Tax and Financial News
So, you filed and paid all your taxes on the money you earned in 2021. Now, the company you work for finds itself in trouble, and you are forced to pay back part of your compensation. The big question is, will the IRS refund you for the taxes you already paid related...
by Service2Client | May 1, 2023 | Blog, General Business News
When it comes to businesses looking to mitigate risk, one concept that’s important to explore is reproduction costs. The first step is to distinguish between reproduction and replacement costs. Replacement cost refers to how much it would cost a company to...
by Service2Client | May 1, 2023 | Blog, Financial Planning
Estate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the bill. An estate tax is levied on the estate of the deceased, while an inheritance tax is levied...
by Service2Client | May 1, 2023 | Blog, Tip of the Month
Now that spring is here, it might be a great time to give your finances a fresh look. Here are a few key items to put on your May to-do list. Say Bye-Bye to PMI If you bought your home for less than 20 percent down, there’s a good chance you’ve been paying private...
by Service2Client | May 1, 2023 | Blog, What's New in Technology
The internet keeps evolving. It started with static web pages in Web 1.0 before evolving to interactive and dynamic content in Web 2.0. A new phase of technology is now introducing Web 3.0, or the third generation of The World Wide Web. Although it is a work in...
by Service2Client | May 1, 2023 | Blog, Congress at Work
Relating to a national emergency declared by the President on March 13, 2020 (HJ Res 7) – On March 13, 2020, then-President Trump declared a national emergency relating to the COVID-19 pandemic. Since then, emergency status has continued until the passage of this...
by Service2Client | Apr 1, 2023 | Blog, Tax and Financial News
Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds could also result in lower taxes, why not? Theoretically, this would free up more time to volunteer or let you make a...
by Service2Client | Apr 1, 2023 | Blog, General Business News
When it comes to valuing a business, there are many ways to examine a company’s profitability. Looking at a business’ liquidation value and its breakup value are two of many approaches to see how a company is functioning and how it might run under different...
by Service2Client | Apr 1, 2023 | Blog, Financial Planning
The Roth IRA is a retirement savings account in which you invest only after-tax dollars. Subsequently, all earnings grow tax-free and may be withdrawn tax-free. However, there are limits to who can contribute and how much they can contribute to a Roth IRA. Federal...
by Service2Client | Apr 1, 2023 | Blog, Tip of the Month
It’s that time of year again: tax time. And while many of your money-saving options might be limited after Dec. 31, there’s still a lot you can do to help lower your taxes, save money and avoid penalties. Here’s a quick snapshot. Contribute to Your Retirement Accounts...
