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Key 2024 inflation-adjusted tax amounts for individuals

Key 2024 inflation-adjusted tax amounts for individuals

by angieduran | Dec 4, 2023 | Uncategorized

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4% higher than for 2023. That means that you can generally have about 5.4% more income...
Construction companies: Lean into tech to optimize accounting and financial management

Construction companies: Lean into tech to optimize accounting and financial management

by angieduran | Nov 21, 2023 | Uncategorized

The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company’s accounting and financial management, there’s never been a better...
11 Exceptions to the 10% penalty tax on early IRA withdrawals

11 Exceptions to the 10% penalty tax on early IRA withdrawals

by angieduran | Nov 14, 2023 | Uncategorized

If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before you’ve reached age 59½. For this purpose, traditional IRAs include simplified employee pension (SEP-IRA) and SIMPLE-IRA...
What you need to know about restricted stock awards and taxes

What you need to know about restricted stock awards and taxes

by angieduran | Nov 9, 2023 | Uncategorized

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose most or all of their value if the price of the underlying stock takes a...
Contributing to your employer’s 401(k) plan: How it works

Contributing to your employer’s 401(k) plan: How it works

by angieduran | Nov 7, 2023 | Uncategorized

If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great tax and retirement saving deal! These plans help an employee accumulate a retirement nest egg on a...
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