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Disability income: How is it taxed?
November 3, 2020 / News

Disability income: How is it taxed?

If you become disabled and are fortunate enough to receive disability income, you may have to pay federal tax on it. Here are the basic rules.
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Tax responsibilities if your business is closing amid the pandemic
November 2, 2020 / News

Tax responsibilities if your business is closing amid the pandemic

There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements.
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Now more than ever, carefully track payroll records
October 28, 2020 / News

Now more than ever, carefully track payroll records

Businesses have long been required to properly track payroll records. The urgency and complexity of this task has grown because of the pandemic.
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Divorcing couples should understand these 4 tax issues
October 27, 2020 / News

Divorcing couples should understand these 4 tax issues

Getting a divorce can be distressing. You don’t want to make matters worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the midst of getting a divorce.
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New business? It’s a good time to start a retirement plan
October 26, 2020 / News

New business? It’s a good time to start a retirement plan

Entrepreneurs: Don’t ignore saving for retirement. Here are the basics of tax-favored plans to help build your nest egg.
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Inventory management is especially important this year
October 21, 2020 / News

Inventory management is especially important this year

Business owners, as you grapple with the economic impact of COVID-19, don’t overlook the importance of sound inventory management.
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Buying and selling mutual fund shares: Avoid these tax pitfalls
October 20, 2020 / News

Buying and selling mutual fund shares: Avoid these tax pitfalls

Planning to buy or sell mutual fund shares? Here are some tax hazards to avoid.
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The 2021 “Social Security wage base” is increasing
October 19, 2020 / News

The 2021 “Social Security wage base” is increasing

Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The Social Security Administration just announced the base amount for 2021.
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Reviewing your disaster plan in a tumultuous year
October 14, 2020 / News

Reviewing your disaster plan in a tumultuous year

Business owners: Have you paused to consider how well your company initially responded to the COVID-19 pandemic? Update your disaster plan before the details fade.
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What tax records can you throw away?
October 13, 2020 / News

What tax records can you throw away?

Did you file an extension until Oct. 15 to file your 2019 tax return? After finishing, you may find yourself with piles of tax-related documents. You might not want to toss them out for fear of trashing something important. Here are some tax recordkeeping guidelines.
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