Be prepared for 401(k) casualty loss hardship distribution requests
July 2, 2021
Employers: If you sponsor a 401(k) plan, don’t be surprised if a participant requests a hardship distribution to repair home damage. Here’s what you’ll need to do.
Auditing WIP
July 2, 2021
Accounting estimates attract special attention from auditors. Work in progress is a common example of an account that’s based on management’s estimates. Here’s a closer look.
Are you a nonworking spouse? You may still be able to contribute to an IRA
June 29, 2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
Eligible Businesses: Claim the Employee Retention Tax Credit
June 28, 2021
If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re eligible. The money can help with the costs you incur in hiring and retaining employees during the pandemic.
Seniors may be able to write off Medicare premiums on their tax returns
June 22, 2021
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
Retiring soon? 4 tax issues you may face
June 8, 2021
Tax planning is still important after you retire. Here are some of the tax implications of retirement.
