May 30, 2023 | Personal Financial Planning, Tax News
ID.me simplifies how individuals prove and share their identities online. The idea is that you’ll have to verify your identity once and not have to reverify your credentials every time you visit a new website, similar to how a driver’s license works in the...
May 25, 2023 | Personal Financial Planning, Tax News
In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: For calendar year 2024, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than...
May 23, 2023 | Personal Financial Planning, Tax News
While it is accurate to say that the IRS has audited significantly fewer people, less than 1% of individual tax returns are audited and the majority of audits nowadays are handled from a distance rather than in person, these changes do not mean that you will never be...
May 18, 2023 | Personal Financial Planning, Tax News
A health savings account (HSA) is a type of savings account that lets individuals put aside pretax money to pay for qualified health care expenses. Studies show that HSA asset growth has been steadily rising since 2016. However, HSAs are often underutilized by...
May 16, 2023 | Business Planning, Closely Held Business
When setting up your business, you will need to establish your company under one of many business structures. The business structure you choose will influence everything. From your day-to-day operations and taxes to how much of your personal assets are at risk and...
