IRS issues guidance on new retirement catch-up contribution rules
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant ...
Continue Reading Selling your home for a big profit? Here are the tax rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of ...
Continue Reading 7 simple truths about payroll for employers
Employers tend to prioritize things such as maintaining or boosting productivity, accomplishing strategic objectives, and fulfilling their missions. All too often, managing payroll is taken ...
Continue Reading Retirement account catch-up contributions can add up
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here ...
Continue Reading Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the ...
Continue Reading Two retirement plan options for small employers
If you’re a small employer looking to sponsor a retirement plan for yourself and your employees, your first thought might be, “Let’s do a 401(k)!” ...
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