Nov 9, 2023 | Personal Financial Planning, Tax News
The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That’s just the beginning: The IRS also has issued technical guidance regarding all the... 
Nov 7, 2023 | Business Planning, Closely Held Business, Tax News
Financial Crimes Enforcement Network (FinCEN) has prepared some information on the complex Beneficial Ownership Information Reporting Rule. What is beneficial ownership? Beneficial ownership information refers to identifying information about the individuals who... 
Nov 2, 2023 | Personal Financial Planning, Tax News
The 2023 Virginia General Assembly passed a law giving taxpayers who have a tax liability a rebate of up to $200 for individual filers and up to $400 for joint filers, according to the Virginia Department of Taxation. How do you know whether you’re entitled to... 
Oct 31, 2023 | Business Planning, Closely Held Business, Personal Financial Planning
Technology is transforming the retirement transition for everyone, including those without financial advisers. Digital tools are interactive experiences designed to engage users with a combination of personalization and gamification, making their retirement experience... Oct 31, 2023 | Personal Financial Planning, Tax News
During Medicare’s open enrollment period, which runs from Oct. 15 to Dec. 7, beneficiaries — seniors, younger people with disabilities and individuals with end-stage renal disease — can choose plans for next year. Options include traditional Medicare from the... 