March 2024

Did you know that there are several categories of income are not taxable in the eyes of the IRS? 

One of the common misconceptions that divorced parents have is that whatever the divorce agreement says will be honored by the IRS.  This is no longer true.  Starting in 1996, the IRS came up with the custodial parent rules and Form 8332 (or its equivalent) to determine who can legally claim a dependent.   

If you want to pay less when you retire, moving to one of the states that don’t tax retirement income might be one way to do that. So, if your retirement income includes Social Security benefits, distributions from a 401(k) or IRA, or a pension, you might want to consider one of these states.

Introduction

 Small businesses have a lot on their plate during tax season. From tracking expenses to filing returns, it can be a daunting process. However, with the right tools at your disposal, managing your finances can be a breeze. QuickBooks, a leading financial management software, offers a suite of tools designed to help small businesses thrive during tax season. In this blog post, we'll explore three QuickBooks tools that can help your small business succeed during this critical period.

by Ron Paul | Mar 25, 2024

This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!”

The heroes have saved the day!