Individual Tax Update: Tax Cuts and Jobs Act (H.R. 1)
By GellerRagans on 12/21/2018Read moreOn December 20, Congress approved the “Tax Cuts and Jobs Act” (H.R. 1), and the most sweeping U.S. tax...
Is it time to update your beneficiary list?
By GellerRagans on 01/25/2018Read moreIt’s not uncommon to lose track of your beneficiaries, including which accounts have them, and who you designated. However,...
Do you have a household employee? Don’t ignore the “nanny tax”
By GellerRagans on 01/15/2018Read moreAs you review your filing requirements for 2018, make sure you don’t overlook the nanny tax related to household...
HSA Contribution Limits Barely Budge for 2017
By GellerRagans on 06/21/2016Read moreThe IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) for 2017. HSAs combine high-deductible health...
Is Your Child Ready For a Summer Job?
By GellerRagans on 06/15/2016Read moreIf your child is planning to work this summer, make sure you know the tax basics. Tax returns. Assuming...
What You Need to Know About Hiring Seasonal Workers
By GellerRagans on 06/07/2016Read moreIf summertime is a busy time for your business, you may be ready to hire seasonal workers. Here are...
Summer Day Care Expenses Can Add Up To a Tax Credit
By GellerRagans on 06/02/2016Read moreDid you know that you can claim a federal income tax credit when you pay someone to care for...
No Need to Itemize To Claim These Deductions
By GellerRagans on 02/23/2016Read moreAre you part of the approximately 68% of taxpayers who IRS statistics say claim the standard deduction instead of...
Depreciation Breaks Boost Tax Deductions
By GellerRagans on 02/09/2016Read moreDid you buy equipment or other business assets during 2015? Here are the current rules for maximizing your tax...
Who Can Be Your Dependent?
By GellerRagans on 02/04/2016Read moreYou might believe a “dependent” is a minor child who lives with you. While that is essentially correct, dependents...
Do You Have Enough Emergency Savings?
By GellerRagans on 02/04/2016Read moreA December 2015 survey by a consumer financial services company showed that 36% of the people who participated said...
Three Positive Steps to Financial Well Being
By GellerRagans on 01/21/2016Read moreWhile you’re gathering information to prepare your 2015 tax return, set aside time for a financial review. Here are...
Corporate Minutes Support Tax Deductions
By GellerRagans on 01/18/2016Read moreWell-documented corporate minutes can provide valuable supporting evidence if the IRS questions choices you make on your tax returns....
Keep Track of Upcoming Tax Due Dates
By GellerRagans on 01/13/2016Read moreJanuary 15 – Final 2015 individual estimated tax payment is due, unless your 2015 tax return is filed and...
Three Tips to Start the Tax Filing Season
By GellerRagans on 01/12/2016Read more1. Check whether your children need to file a 2015 tax return. They’ll need to file if wages exceeded...
Are You Saving For Retirement?
By GellerRagans on 01/07/2016Read moreWhile retirement plan contribution limits have not increased for 2016, taking full advantage of allowable contributions and any amounts...