When Is the Most Beneficial Time To Collect Social Security Retirement Benefits?

Do you know how to maximize your Social Security benefits? When planning your retirement, it’s important to consider when you can start receiving benefits and how you can make the most of them. In this article, you will learn the basics of Social Security benefits, including when you can start receiving them. You will also discover other factors to keep in mind while planning for retirement, such as how delaying benefits can affect you and how to maximize your benefits.

Do You Run a Business From Home?

Many people who began working from home during the COVID-19 pandemic are still doing so, full or part-time. Business owners who moved their operations to a home office, or at least began performing some work functions there, may be able to claim home office expenses against their business income. Learn how to qualify for home office deductions, as well as the two methods owners can choose from to claim this tax break, in this article.

The Deductibility of Medical Expenses

Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult to qualify. Here are five points to keep in mind about the deductibility of medical expenses.

Don't Get Carried Away by a Windfall

Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away by a windfall and end up in worse financial shape. This article points out some of the pitfalls and how to avoid them, as well as what to expect in terms of taxes.

State Taxes Affect Business Sales, Too

Business owners sometimes decide to put their companies on the market. When doing so, they may focus on the federal tax implications of a sale. It's important to remember that there will be state tax implications, too. This brief article touches on some key issues regarding state taxes.

Join us for our Annual Tax & Financial Planning Conference. This conference is designed to bring you up to date on recent tax, accounting and financial updates and provide key year-end strategies to help you lighten your tax burden and better achieve your financial objectives. Our keynote speakers are Joseph Nehme, Micron Technology, and Guy Hart Jr., Hart Lyman Companies. CPE credit will be offered.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty-five years history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients, and it's also the most significant way we can contribute to their long-term success.

OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

213 North Street #1, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

To learn more about Dannible & McKee, visit us at: www.dmcpas.com.