If you’re ready to retire from your self-employed small business, you might be reading up on retirement plans. The question is: what kind of plan is best for you? Whether it’s a Solo 401(k) or a Defined Benefit Pension Plan, our article can help you learn the basics.
Category: Birmingham Accountants
A Cycle of Success: Charlie Polmatier, Borland Benefield Shareholder
You might know Charlie Polmatier, Borland Benefield Shareholder and head of the Municipal Audits Division. You might know how dedicated he is to serving our clients. What you might NOT know is that he’s also a road biking champion. Read our blog to learn more!
Going Green and Saving Green: Tax Credits for Clean Technology
Do you want to make the switch to an electric vehicle? Are you purchasing solar panels for your home? Is it time for your business to switch to renewable energy? The Inflation Reduction Act of 2022 makes all of these green choices easier on your wallet. Read our article to find out what you could be saving on.
How the Inflation Reduction Act Helps Bring Down Skyrocketing Drug Costs
The Inflation Reduction Act targets a wide range of issues, including many cost-saving changes to life-saving medications. Read our article to see how it helps you.
Important New Guidelines for Municipal Audits in Alabama
HB256, also known as the Municipal Audit Clarification Act, details how mayors or city managers of a municipality should audit their municipality’s financial expenditures. Are you aware of this new bill’s requirements? Visit our blog for useful information regarding the new requirements.
Helping Inspire Hope: The Presbyterian Home for Children
The holiday season is a time for hope, and Borland Benefield’s long-time client, the Presbyterian Home for Children has been on a mission of hope for over 150 years. Read our article and learn all about this benevolent organization.
401(k) Loans: Yay or Nay?
Are there benefits to borrowing funds from your 401(k) retirement account? What are the cons? Read our latest article before taking this drastic step in today’s economy.
Procedural Issues Every Exempt Organization Should Know About.
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be...
Consider Taxes Before Selling a Highly Appreciated Vacation Home
Are you considering selling your vacation home? Are you worried about the tax hit on your profits? Fortunately, the limited federal income tax gain exclusion break CAN apply to vacation homes in some cases.
Good News: IRS Boosts Standard Mileage Rates for Second Half of 2022
The IRS recently announced an increase to the standard mileage rate for qualified business drivers.