by Tabitha Regan | Jul 22, 2022 | Small Business, Tax Planning
Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you’re self-employed, you’ll need to pay your own FICA taxes and take charge of your own retirement...
by Tabitha Regan, CPA | Jul 8, 2022 | Individual Tax, Tax Planning
In the past, workers stayed with the same company for years and years, working their way up in the company. However, times have changed. Businesses facing hard economic times restructure, forcing employees to look for new jobs. It’s also become common for...
by LittleOwlCPA Admin | Jun 24, 2022 | Small Business, Tax Planning
Fringe benefits may be defined as noncash compensation benefits provided by employers to their employees. Fringe benefits may take a variety of forms, including accident and health benefits, group-term life insurance coverage, dependent care assistance, employee...
by Tabitha Regan, CPA | Oct 15, 2021 | Individual Tax, Tax Planning
Capital gains are the profits realized from the sale of capital assets such as stocks, bonds, and property. The capital gains tax is triggered only when an asset is sold, not while the asset is held by an investor. However, mutual fund investors could be charged...
by Tabitha Regan, CPA | Aug 6, 2021 | Family, Tax Planning
It’s Back to School season which is the perfect time to review your college savings strategy. In the college savings game, all strategies aren’t created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college....
