Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
How to reap the full tax benefit You’ve done your cleaning and now you have boxes of outgrown clothing and unused household items. Should you toss them, have a garage sale or keep them?If you opt for a garage sale, you have to devote time to … [Read more...] about Donating Non-Cash Items to Charity
New rules deny losses to many Beginning in 2018 and continuing through 2025, casualty losses are no longer allowed as an itemized deduction for many taxpayers. If you suffer a personal loss to property as the result of a storm, fire, flood, theft … [Read more...] about Casualty losses
Factor to Consider With the reduction in the corporate tax rate to a permanent 21%, many business owners are wondering if now is the right time to incorporate. While incorporation offers distinct advantages, there’s no universal answer, and the … [Read more...] about To Incorporate or Not
Qualified Tuition Plans Provide Options Many of you are already aware that contributing to a qualified tuition plan, commonly referred to as a 529 plan, can be a tax-free way to save for your child’s college education. But did you know that the … [Read more...] about Saving for College
A Simple Error May Deny Your Deduction As a business owner, you most likely provide health benefits for you and your employees. Even if you do not have employees, having a health insurance policy in your business may save you money. As a … [Read more...] about Health Insurance For Your Business
HRAs offer tax-favored benefits If you’re looking for a way to reduce employee benefit costs, you may wish to consider using a health reimbursement arrangement (HRA). An HRA is an employer-funded health benefit account for individual employees … [Read more...] about Employer options for health costs
