Oct 16, 2024 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
Individuals and businesses in six counties that previously did not qualify for relief under either Hurricane Debby or Hurricane Helene will receive disaster tax relief beginning Oct. 5, 2024, and concluding on May 1, 2025, according to an Oct 11 statement from the...
Oct 15, 2024 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
Taxpayers in areas affected by Hurricane Helene now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments. Among other things, this includes 2024 individual and business returns normally due during March and April...
Oct 1, 2024 | Personal Financial Planning, Tax News
Summer is over, but no matter what time of year it is, you should know how summertime activities can affect your taxes when you file the following year. Let’s look at how the events that transpire from June to September might have an effect come tax season. How...
Sep 26, 2024 | Personal Financial Planning, Tax News
The Fed has decided to lower the target range for the federal funds rate by 1/2 percentage point (50 basis points). In a statement, the Fed said that it “has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the...
Sep 24, 2024 | Business Planning, Closely Held Business, Tax News
If you’re running a business, you’re on the hook for a variety of taxes. Let’s take a look at the main categories: Income tax — All businesses except partnerships must file an annual income tax return. (Partnerships file an information return.)...
