by ABIP | Nov 4, 2022 | Accounting, Individuals, News, Newsletter
Understanding IRAs: Terms to Know IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better understand this type of retirement savings account,...
by ABIP | Oct 5, 2022 | Accounting, Business, News, Newsletter
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash flow is more important than your business’s ability to deliver its goods and...
by ABIP | Oct 3, 2022 | Accounting, News, Newsletter, Taxes
When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, it often mails a letter or notice to the taxpayer. Taxpayers should know that the IRS sends millions of these letters and...
by ABIP | Sep 1, 2022 | Accounting, Individuals, Newsletter, Real Estate
Keeping full and accurate homeowner records is not only vital for claiming deductions on your tax return, but also for determining the basis or adjusted basis of your home. These records include your purchase contract and settlement papers if you bought the property,...
by ABIP | Sep 1, 2022 | Accounting, Business, Individuals, Newsletter
According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits. If you’re like many other small...
by ABIP | Sep 1, 2022 | Accounting, Individuals, Newsletter, Taxes
Small employer HRAs or QSEHRAs (Qualified Small Employer Health Reimbursement Arrangements) allow small businesses without group health plans to set aside money, tax-free, for employees to use toward medical expenses – including the cost of buying health...
