Is That a Taxable Turkey?



As we approach the holiday season, many companies embrace the spirit of giving by providing extra goodies to their dedicated employees. However, it’s essential to be aware that what appears to be a simple gift can sometimes be viewed as compensation by the IRS.

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Choosing a Business Entity: Which Way to Go?

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a sole-proprietorship, a C corporation, or a pass-through entity such as a partnership, limited liability company (LLC) or S corporation? This article takes a deep-dive into the many issues you should consider.

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The IRS Has Announced Increased Retirement Plan Benefits for 2024



The IRS recently announced increases for many retirement plan benefits for next year. The tax amounts are going up in 2024 due to inflation adjustments. The changes include increased contribution amounts for IRAs, 401(k)s and SIMPLE plans. Take a look at how much you may be able to put away next year for retirement. 

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