Alerding CPA Group supports businesses and nonprofits with audit & accounting, tax consulting & planning, entrepreneurial services, ESOPs, bookkeeping and more.
A volatile stock market, rising inflation, and relatively low interest rates create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Use these strategies to pass on wealth to heirs: https://t.co/GUBSVkJRlS
Cash flow is the lifeblood of every small business, but many business owners underestimate just how vital managing cash flow is to their business's success. Here are cash management tips for your small business: https://t.co/HcM9IjI75b
Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. But before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. https://t.co/w3n2bKZU6o
Setting up an IRS Online Account is an easy and secure way for taxpayers to quickly get information about their IRS activity, such as any tax due balance, payments made, and tax records for the past several years. Here's what you need to know: https://t.co/qgaJbIMzeG
It may surprise you how significant your #retirement accumulation may be simply by increasing the percent of your salary that you save each month in your 401(k). Use this calculator to estimate how much more you could accumulate: https://t.co/jvdWHKxzGv
If you’re buying a home, or you just bought one, you may wonder if you can deduct mortgage points paid on your behalf by the seller. The answer is “yes,” subject to some important limitations we discuss in our new blog.
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Penalty relief for struggling taxpayers affected by the pandemic is now available to most people and businesses who file certain 2019 or 2020 returns late. Eligible income tax returns must be filed on or before September 30th, 2022, to qualify. Learn more: https://t.co/DuqT9uWEFx
Small employer HRAs or QSEHRAs allow small businesses without group health plans to set aside money, tax-free, for employees to use toward medical expenses - including the cost of buying health insurance. Here's what you need to know about QSEHRAs: https://t.co/XTLqcy0fog
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean for you. https://t.co/UUVUbuDdTs
Time is running short for taxpayers who requested an extra six months to file their 2021 tax return. As a reminder, Monday, October 17, 2022, is the extension deadline for most taxpayers.
Get more info: https://t.co/TdubOW4an6
Meet Shane, a Staff Accountant at Alerding CPA Group! As one of our new employees, we asked Shane some questions to get to know him better. Here’s what he had to say…
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Keeping full and accurate homeowner records is not only vital for claiming deductions on your tax return, but also for determining the basis or adjusted basis of your home. Here's what you should keep and for how long: https://t.co/jv2tI8bQYm
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. It contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals.
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#inflationreductionact#IRA#taxcredits
There's nothing like axe throwing to bond a team! The tax team took a trip to Ragnarok Axe Throwing in Indianapolis to spend some quality time together this week.