Tax Planning

Businesses: The Form W-2 and 1099-NEC deadline is coming up fast

Planning, ,tax,new,year,symbol.,concept,words, ,tax
January 27, 2025
H&B
0
With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish them to workers. By January 31, 2025, employers must file these forms and furnish them to recipients: Form W-2, Wage and Tax Statement. Form W-2 shows the wages […]
#1099Forms, #PayrollCompliance, #TaxDeadlines, #TaxPlanning, #W2Forms
Find Out More
Marketing

3 ways businesses can get more bang for their marketing bucks

Money,bomb
January 17, 2025
H&B
0
Most small to midsize businesses today operate in tough, competitive environments. That means it’s imperative to identify and reach the right customers and prospects. However, unlike large companies, your business probably doesn’t have a massive marketing department with seemingly limitless resources. You’ve got to pursue savvy campaigns while also controlling costs. Here are three fundamental […]
#BusinessGrowth, #MarketingStrategy, #MarketingTips, #MaximizeROI
Find Out More
Retirement Planning

Do you have questions about taking IRA withdrawals? We’ve got answers 

white egg, in a nest, with "RMDs," written on it, symbolizing retirement savings, and Required Minimum Distributions.
January 15, 2025
H&B
0
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since funds can’t stay in these accounts indefinitely, it’s important to understand the rules behind RMDs, which can be pretty complex. Below, we address some common […]
#IRAWithdrawals, #RetirementPlanning, #RMDRules
Find Out More
Tax Planning

Small business strategy: A heavy vehicle plus a home office equals tax savings

Car,key,in,laptop,,copy,space
January 13, 2025
H&B
0
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more than 50% for business. If your business usage is between 51% and 99%, you may be able to deduct that percentage of the cost in […]
#FirstYearDeductions, #HeavyVehicleDepreciation, #HomeOfficeBenefits, #TaxStrategies #BusinessTaxSavings
Find Out More
Tax Planning

Saving for college: Tax breaks and strategies your family should know 

Large, calculator, shaped, like, a, graduation, cap, with, the, word, "TAX," displayed, on, its, screen. A, man, in, a, suit, leans, against, the, calculator, holding, a, large, pencil. To, the, right, the, word, "savings," is, written, in, cursive. The, background, is, a, beige, color, with, small, white, clouds, scattered, throughout.
January 10, 2025
H&B
0
As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your child’s […]
#529Plan, #CollegePlanning, #CoverdellESA, #EducationSavings
Find Out More
Tax Planning

How Section 1231 gains and losses affect business asset sales

Target,marketing,plan,investor,financial,analysis,chart,strategic,growth,concept,
January 7, 2025
H&B
0
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses […]
#BusinessTaxPlanning, #CapitalGainsTax, #Section1231
Find Out More