by Lori Bowden | Feb 3, 2025 | Business, Individuals, Newsletter, Taxes
Working from home isn’t new, especially for self-employed people. But during the height of the pandemic, millions of jobs were moved from employers’ premises to employees’ private homes. Many continue working from home and wonder if they qualify for the home office...
by Lori Bowden | Feb 2, 2025 | Individuals, Newsletter, Taxes
With so many people working remotely, it’s become more common to think about moving to another state, perhaps for better weather, to be closer to family or to reduce living expenses. Retirees also look at out-of-state moves for many of the same reasons. If you’re...
by Lori Bowden | Feb 1, 2025 | Individuals, Newsletter, Taxes
It’s time again to start thinking about getting your tax return prepared. Here are some quick tips you can use to help speed tax processing and avoid hassles. Gather all documents needed to prepare an accurate return, including W-2s, 1099 forms, statements of interest...
by Lori Bowden | Jan 4, 2025 | Individuals, Newsletter, Taxes
The 65-day rule under Internal Revenue Code 663(b) allows trustees of a trust to treat distributions that are made within the first 65 days of the trust’s tax year as if they were paid or credited on the last day of the preceding tax year. For 2025, the 65th day...
by Lori Bowden | Jan 3, 2025 | Business, Newsletter, Taxes
Wouldn’t it be great if your employees worked as if they owned part of the company? An employee stock ownership plan (ESOP) could make that a reality. Under an ESOP, employee participants gain partial ownership of the business through a retirement savings arrangement....
by Lori Bowden | Jan 2, 2025 | Business, Newsletter, Taxes
Companies without a disaster recovery or business continuity plan need only consider the aftermath of recent hurricanes. News reports estimated property damages from Hurricane Helene alone last year to be more than $59.6 billion, plus disruption of untold businesses...