Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Learn about tax tips and articles from our advisory section from Gleason Tax Advisory.
The IRS has recently introduced regulations set to take effect in 2025, mandating brokers to furnish the agency with comprehensive reporting digital asset sales, customers' sales or exchanges of digital assets. Presently, taxpayers are liable for … [Read more...] about Reporting Digital Asset Sales
Asking questions is a good thing. There are times in my life, and I am sure in your own lives, that we just do not understand something we experience. That lack of understanding should give rise to question asking, but at times we just do not feel … [Read more...] about What Did They Just Say?
You have many ways to save for retirement using tax-favored accounts. Three of the most common are a traditional IRA, a Roth IRA, and a 401(k)-type qualified plan. A traditional IRA is an account that holds assets for retirement. If you contribute … [Read more...] about Saving for Retirement
Certain Income Not Excludable Under the law, certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify to use the foreign-earned … [Read more...] about Combat-Zone Workers
Thinking about hiring minors in New York State?In New York, the labor laws are designed to protect the well-being of our young workforce. Here are the working hour restrictions for minors: Ages 14-15: Ages 16-17: Remember, the … [Read more...] about Labor Laws for Minors in New York State
Tax-saving strategies Sole proprietors may be able to reduce their tax burden by hiring their children, spouse, or parents to work as bona fide employees. There are three ways to save tax dollars for the business owner. First, sole proprietors … [Read more...] about Hiring Family Members
