Thinking about a Roth IRA conversion? Now may be the ideal time
Roth IRAs offer significant estate planning and financial benefits. If you have a substantial balance in a traditional IRA and are considering converting it to a Roth IRA, there may be no better time than now. The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates through 2025.
Odd word, cool concept: Gamification for businesses
“Gamification.” It’s perhaps an odd word, but it’s a cool concept that’s become popular among many types of businesses. In its most general sense, the term refers to integrating characteristics of game-playing into business-related tasks to excite and engage the people involved.
Volunteering for charity: Do you get a tax break?
If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth.
Assets with sentimental value require extra planning
When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to “sweat the small stuff” — your tangible personal property. Examples include jewelry, antiques and photographs.
Do You Need to Bundle Products in QuickBooks? Create Assemblies
If you frequently sell multiple inventory items grouped together, you need to learn about QuickBooks’ assemblies.
You may have to pay tax on Social Security benefits
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed.
Understanding Tax Opportunity Zones Seminar Presentation
Member of the Firm David L. Maaskant, CPA, CVA and Clinton G. Smith, III, CPA from SevenBridge Financial Group presented at the West Shore County Club on Understanding Tax Opportunity Zones. You can check out the full presentation below.
SEK Announces Staff and Supervisor Promotions
FOR IMMEDIATE RELEASE July 9, 2019 SEK Announces Staff and Supervisor Promotions
R&E with Angi: Are You an Innovator?
You are a company who feeds on making new products. You are a company who wants to meet customer needs by customizing a current product that you already offer.
Grading the performance of your company’s retirement plan
Imagine giving your company’s retirement plan a report card. Would it earn straight A’s in preparing your participants for their golden years? Or is it more of a C student who could really use some extra help after school? Benchmarking can tell you. Mind the basics