by Borland Benefield Staff | Oct 5, 2023 | Articles for August 2023, Birmingham Accountants, Borland Benefield Staff, Small Business Accounting, Tax Planning Strategies
Cryptocurrencies have gone mainstream. You can now invest in them and use them to buy and sell many products and services. However, crypto transactions have important federal tax implications that may not be well understood by everyone. Here’s an update on what...
by Borland Benefield Staff | Aug 16, 2023 | Articles for August 2023, Birmingham Accountants, Borland Benefield Staff, Small Business Accounting, Tax Planning Strategies
Keeping track of your small business is hard enough without the looming cloud of tax time. Fortunately, there are ways for small business owners to prepare for tax season. Establish a Tax-Favored Retirement Plan for Your Business Current rules allow for generous...
by Borland Benefield Staff | Jun 23, 2023 | Articles for June 2023, Birmingham Accountants, Borland Benefield Staff, IRS, Tax Code, Tax Related
Tax season might be over, but the tax accountants at Borland Benefield are still on the job keeping an eye on changes that might affect your taxes. Here are a couple of points to remember regarding taxes on disability income and the new contribution amounts for Health...
by Borland Benefield Staff | Jun 5, 2023 | Borland Benefield Staff, Tax Code, Tax Related
Many retirees have seen their Social Security benefits increase in 2023 due to a cost-of-living adjustment that was higher than in past years. Further increases are expected for 2024. While more benefits are welcome, they could mean more income taxes on those benefits...
by Borland Benefield Staff | Mar 21, 2023 | 401(k), Articles for March 2023, Birmingham Accountants, Borland Benefield Staff, Financial Planning, Tax Related, Wealth Management
If you own a successful small business with no employees, you might be ready to set up a retirement plan. Or you might want to upgrade from a more-basic SIMPLE IRA or Simplified Employee Pension (SEP) plan. Here are two options — solo 401(k)s and defined benefit...
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