Business Tax Insights: Leveraging Family Employment
…Security taxes, Medicare taxes, and FUTA taxes regardless of age. Retirement Planning Insight: If you employ your child, the child can establish a ROTH IRA and contribute up to the…
…Security taxes, Medicare taxes, and FUTA taxes regardless of age. Retirement Planning Insight: If you employ your child, the child can establish a ROTH IRA and contribute up to the…
…prior to January 1, 2019, to be deductible on the tax return of the payer and be considered taxable income on the tax return of the payee. Payments that are…
…the taxpayer’s federal liability. The LLTC is a per-taxpayer credit. Only one LLTC may be claimed on each tax return. *If eligible students receive a qualified scholarship or employer provided…
…business tax planning resources: The Latest IRS Guidance on Qualified Opportunity Zones IRS Releases Guidance on Business Meals Deduction 2018/2019 Tax Planning Guide Tax Cuts and Jobs Act Overview Summary…
…Business Tax Account Business Tax Account (BTA) access is available to certain individuals associated with a business by logging into BTA and requesting access to the business’s tax information. Those…
…Questions on how these tax considerations may apply to your unique situation? Contact your Keiter Opportunity Advisor. Additional tax planning resources Tax Planning Insights: 2025 Individual Tax Inflation Adjustments Business…
…tax benefits. A specialized tax advisor can help optimize these contributions to minimize tax liabilities while benefiting the organization’s mission. Tax strategy planning with a CARF tax specialist CARF-accredited organizations…
…their tax advisors and accountants to understand how the new rules affect their tax liability and financial statements, and to plan accordingly for the upcoming tax years. The Keiter Tax…
…future withdrawals are completely tax free. The younger you are, the better this planning technique as your retirement funds have longer to grow on a tax free basis. Having tax…
…a head of household; and $80,000 for all other taxpayers. Child Tax Credit Expanded for 2021 Before ARPA, the child tax credit (CTC) was $2,000 per “qualifying child.” A qualifying…
…federal income or taxable income (“Federal taxable income”) as the starting point for the determining Virginia taxable income and tax liability. What this really means is that preparing Virginia income…
Update: The requirement to report partners’ shares of partnership capital on the tax basis method will not be effective for partnership tax years beginning in 2019 but will be effective…