The 25 Best Tax Deductions for Small Businesses
See Demo 1-800-714-5153 The 25 Best Tax Deductions for Small Businesses: 2024 Key Takeaways Tax Deduction Key Points Startup and Organizational Costs Deductible if costs improve business skills; amortize over 15 years; must document expenses. Business Insurance Deductible premiums for property, liability, health, and more; special rules for health insurance premiums. Home Office Deduction Must […]
Joint vs Separate Tax Filing for Married Couples in 2024
See Demo 1-800-714-5153 2024 Joint vs Separate Tax Filing for Married Couples 2023 Federal Income Tax Brackets Tax Rate Single Filers Married Filing Jointly or Qualifying Widow(er) Married Filing Separately Head of Household 10% $0 to $11,000 $0 to $22,000 $0 to $11,000 $0 to $15,700 12% $11,001 to $44,725 $22,001 to $89,450 $11,001 to […]
The 2024 FLSA Worker Classification Rule for Small Business
See Demo 1-800-714-5153 2024 FLSA Worker Classification Rule: A Guide for Small Businesses In a significant development, the U.S. Department of Labor unveiled a transformative Final Rule on January 10, 2024, reshaping the criteria for determining employee and independent contractor status under the Fair Labor Standards Act (FLSA). Set to take effect on March 11, […]
IRS’s 2024 Contribution Limit Changes
See Demo 1-800-714-5153 The IRS’s 2024 Contribution Limit Changes In the ever-evolving world of personal finance, the IRS plays a crucial role by annually adjusting retirement contribution limits to keep pace with the changing economic environment. These adjustments, announced in Notice 2023-75 for 2024, reflect changes in the cost of living and directly impact how […]
The IRS Free File Program 2024
See Demo 1-800-714-5153 A Guide to the IRS Free File Program in 2024 Tax season can often be a period filled with stress and confusion for many Americans. Navigating through the complex world of tax codes, deductions, and credits is no easy feat. However, the Internal Revenue Service (IRS) has taken significant steps to alleviate […]
2023/2024 Key Tax Deadlines
See Demo 1-800-714-5153 Navigating 2023/2024 Tax Deadlines Introduction Welcome to your essential guide for managing tax deadlines in 2024. As the new year unfolds, it’s more important than ever to stay on top of these critical dates. Whether you’re an individual taxpayer or managing the finances of a business, understanding and adhering to tax deadlines […]
2023 and 2024 Tax Brackets and Rates
See Demo 1-800-714-5153 2023 and 2024 US Tax Brackets and Rates Understanding the 2024 Tax Brackets and Federal Tax Changes As we step into a new fiscal year, understanding the 2024 tax brackets becomes crucial for individuals and businesses alike. Tax brackets determine how much you’re obligated to contribute to the federal treasury, affecting your […]
Understanding the Record of Employment (ROE) in Canada
See Demo 1-800-714-5153 Understanding the Record of Employment (ROE) in Canada Introduction The Record of Employment (ROE) is a crucial document in the Canadian employment landscape, serving as a formal record of an individual’s employment history with a specific employer. When an employee experiences an interruption in earnings, such as termination, resignation, or extended leave, […]
W-2 Forms Guide for Employers
See Demo 1-800-714-5153 Navigating the Complexities of W-2 Management Introduction In the realm of employment and taxation, few documents carry as much significance as the W-2 form. Each year, as the tax season rolls in, these forms become the linchpins of financial responsibilities for both employers and employees. The W-2 form, officially known as the […]
2024 Tax Season Guide: Key Deadlines & Tips
See Demo 1-800-714-5153 2024 Tax Season Guide: Key Deadlines & Tips to Avoid IRS Penalties for the 2023 Tax Year Introduction As we approach the 2024 tax season, it’s crucial to gear up for the critical tax deadlines associated with the 2023 tax year. This season, just like any other, brings a complex maze of […]