Your Monthly Newsletter from Padgett

VOLUME 2 2024

This year is moving fast, so in this month's newsletter, we cover a range of topics vital for navigating the ever-changing landscape of finance and taxation. From the latest changes in business mileage rates to smart strategies like tax-deferred like-kind exchanges, we've got you covered. Dive into our newsletter to learn about the Corporate Transparency Act, discover potential tax credits for your business, and understand complex concepts like the kiddie tax. Plus, explore new employee benefit options and be inspired by the success story of Amy Krueger, who achieved realty triumph with the support of Padgett.

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Navigating the Corporate Transparency Act for small business owners

Learn about the purpose of the CTA, filing requirements, and deadlines.

The standard business mileage rate will be going up slightly in 2024

Do you use a vehicle for business? Read more about how this increase will affect you.

Defer a current tax bill with a like-kind exchange

This could be a great tax-deferred way to dispose of property. Here’s how it works.

Does your business have employees who get tips? You may qualify for a tax credit

Read more on how the credit is claimed and see if you qualify!

The kiddie tax could affect your children until they’re young adults

Unfamiliar with the kiddie tax? Read more about the basics and how it’s calculated.

Should your business offer the new emergency savings accounts to employees?

There’s a new benefit option for employees facing emergencies. Here are the details.

Amy Krueger’s path to realty triumph with key Padgett partnership

Learn about Amy’s story and how she grew her real estate firm with Padgett.

About Padgett

At PADGETT BUSINESS SERVICES^®, we know the stresses of running a business can keep owners awake at night. Your business is your livelihood — and quite possibly the livelihood of your employees — so it’s no wonder it’s always on your mind. PADGETT is here to help. We offer tax, accounting, payroll and advisory services that can help your business reach new heights, allowing you to rest easy.

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ADVISORY

PADGETT BUSINESS SERVICES^® is dedicated to meeting the accounting, tax, payroll, compliance and advisory needs of small businesses. This publication is intended for informational purposes only and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. You should seek advice from a PADGETT BUSINESS SERVICES^® representative or an independent advisor before acting on any of the information contained in this document. Each office is independently owned and operated.