by Ramdas | Sep 14, 2021 | Individuals Articles, Tax Articles
The home office deduction is an often overlooked deduction. This deduction is available to qualifying self-employed taxpayers, independent contractors (1099 income), or those actively participating in a S Corporation if they do not have a designated workspace (i.e.:...
by Ramdas | Aug 20, 2021 | Financial Planning, Individuals Articles, Retiring
When it comes to retirement planning an IRA (Individual Retirement Account) adds value to your nest egg. When strategizing an IRA, there are different options to choose from, along with different tax consequences when you contribute and withdraw the funds. Below...
by Ramdas | Aug 10, 2021 | Child Tax Credit, Individuals Articles, Tax Articles
On July 15 the IRS started sending out the monthly Child Tax Credit payments. There were about 35 million families that received either a check or direct deposit. Each payment was up to $300 per month for each child under the age of 6 and up to $250 per month for...
by Ramdas | Jul 23, 2021 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Let’s face it – each of us is going to die one day and we need to plan for the inevitable. Many of us currently do have an inadequate amount of life insurance coverage. Below are five very good reasons to obtain appropriate life insurance coverage: Life insurance...
by Ramdas | Jul 13, 2021 | Individuals Articles, Tax Articles
IRS Wraps Up 2021 “Dirty Dozen” Tax Scam List Recently, the IRS released a list of tax scams that they saw during 2020. Some may seem familiar while others may be new; however, having information about these scams can prove helpful. Below are some of the common scams...
by Ramdas | May 3, 2021 | Individuals Articles
Recently, President Biden has released a tax credit for business and nonprofits who provide paid time off to workers that are receiving or recovering from the vaccine through the American Rescue Plan. A paid leave tax credit will offset the cost for businesses and...
