by graphicedge | Apr 14, 2024 | Uncategorized
As CPAs, we want all of our clients to meet their financial & life goals! If your goal is to buy a house, try to build up your down payment as much as possible. The higher real estate prices climb, the bigger you’ll want your down payment to be. Having at least...
by graphicedge | Mar 19, 2024 | Uncategorized
#TerminologyTuesday: FSA vs. HSA FSA: Flexible Spending Account – an employee benefit that allows you to set aside money, on a pre-tax basis, for certain health care and dependent care expenses. HSA: Health Savings Account – an investment account available...
by graphicedge | Feb 1, 2024 | Uncategorized
Be on the lookout for identity theft as tax season officially begins! Each year thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of year to be extra...
by graphicedge | Jan 14, 2024 | Uncategorized
If you’re over 50 years old at the end of the calendar year, you can make catch-up contributions to your various retirement accounts. Check out this article outlining this topic direct from the #IRS: https://bit.ly/492vQDf
by John Cataldo | Dec 20, 2023 | Uncategorized
Government data shows that record inflation from the last few years started to slow down throughout 2023, but much of the damage has already been done. Every bill we pay and purchase we make costs more now, from insurance to clothing, and groceries to household...
by John Cataldo | Nov 2, 2023 | Uncategorized
If you receive a notice from the IRS, do not automatically assume it is correct and submit payment to make it go away. Here are some suggestions for how to handle a letter you may receive from the IRS or other taxing authority: Stay calm. This is easier said than...
