Doug Snyder CPA

#digitalcpa, SC CPA for Small Businesses and Nonprofits, #CFO,Leadership Speaker, #CHS, Father of Twins, Basketball FANatic! #smallbiz, Featured Speaker

[Doug Snyder CPA @DougSnyderCPA]

Section 179 of the Internal Revenue Code allows a sole proprietor, partnership, or corporation to elect to deduct the cost (up to $2,560,000 in 2026) of depreciable tangible personal property acquired for use in a trade or business https://t.co/vE9eT8dh56

[Doug Snyder CPA @DougSnyderCPA]

A defined contribution plan is a qualified employer-sponsored retirement plan that provides each participating employee with an individual plan account earmarked for the employee. Depending on the type of defined contribution plan, https://t.co/GHQBX0uVA1

[Doug Snyder CPA @DougSnyderCPA]

Gifting can be a powerful estate planning tool, allowing you to transfer your wealth to others during your lifetime. Lifetime gifts have many advantages over gifts you might leave in your will (these are called bequests, legacies, o https://t.co/IJXAwGTstx

[Doug Snyder CPA @DougSnyderCPA]

The estate tax is a tax on property that is transferred to others upon your death. https://t.co/57twRVxkE4

[Doug Snyder CPA @DougSnyderCPA]

Securities-based lending can be used as a bridge financing solution for your home purchase. https://t.co/Qo6Ug9niLR

[Doug Snyder CPA @DougSnyderCPA]

The child tax credit is a per-child tax credit against your personal income tax liability. https://t.co/7pK9FEkNOI

[Doug Snyder CPA @DougSnyderCPA]

One of the first things that you have to determine when filing a federal income tax return is your filing status. There are five possibilities: single, married filing jointly, married filing separately, head of household, and qualif https://t.co/ECy7jh8l5h

[Doug Snyder CPA @DougSnyderCPA]

Taxpayers can claim a federal tax deduction of up to $25,000 for qualified tips earned for tax years 2025-2028. https://t.co/vRr1QnR9S2

[Doug Snyder CPA @DougSnyderCPA]

Under new provisions in the One Big Beautiful Bill Act, an individual taxpayer (and certain trusts and estates) may claim an income tax deduction equal to 20% of the taxpayer's allocable share of qualified domestic business income ( https://t.co/Pxwn4475iR

[Doug Snyder CPA @DougSnyderCPA]

For many young people today, the prospect of buying a home can seem out of reach. https://t.co/NlzGJJ9IKW

[Doug Snyder CPA @DougSnyderCPA]

An integral part of managing your personal finances involves properly maintaining your financial records. This is especially important in the event of a crisis or emergency so that you can quickly locate something if needed. https://t.co/hOzslXZIyu

[Doug Snyder CPA @DougSnyderCPA]

Retirement confidence slipped in 2026 for both workers and retirees. https://t.co/Y9aCbU0SpS

[Doug Snyder CPA @DougSnyderCPA]

Here are four things you can do to check in on your finances. https://t.co/GB67a6hZGi

[Doug Snyder CPA @DougSnyderCPA]

The Iran war has driven U.S. gas prices to levels not seen since the Russian invasion of Ukraine in 2022. https://t.co/h3uQuCXW91

[Doug Snyder CPA @DougSnyderCPA]

Retirement confidence slipped in 2026 for both workers and retirees. https://t.co/SUB9w7409E

[Doug Snyder CPA @DougSnyderCPA]

When selling your business — regardless of whether the buyer is a family member, a key employee, or a third party — if the sale involves payments spread over time and funded from future business earnings, you need to ensure that you https://t.co/EwPKXUfMsF

[Doug Snyder CPA @DougSnyderCPA]

A 401(k) wraparound plan is a nonqualified deferred compensation (NQDC) plan that supplements or "wraps around" the already existing tax-qualified 401(k) plan that you offer to your employees. It also allows both you and your employ https://t.co/A6d5irUgoM

[Doug Snyder CPA @DougSnyderCPA]

If you meet certain conditions, you can set up and contribute to an IRA (traditional or Roth) for your spouse, even if he or she receives little or no taxable compensation for the year of the contribution. Such an IRA is commonly re https://t.co/hv0vlHO4Xm

[Doug Snyder CPA @DougSnyderCPA]

Are alternative investments an option for you? https://t.co/xgDCDmcdPC

[Doug Snyder CPA @DougSnyderCPA]

As an employer, you may want to establish one or more retirement plans for yourself and/or your employees. Having a plan can provide significant benefits for both you and your employees (if any). There are many different types of re https://t.co/SGtLvCRIZ4