News, Tax & Accounting Resources
New Tax Rules for Retirement Accounts Can Save You Money
The SECURE Act 2.0, passed by Congress in late 2022, features numerous ways for you to save more money in your tax advantaged retirement accounts. Below are several of the bill’s provisions and what they mean for you. • Money can continue to grow tax deferred. If you...
Instructions on How to E-file a Federal and PA Tax Return
Both Pennsylvania and the federal government give individual taxpayers the option to file their taxes electronically, also known as E-filing. There are a few benefits to E-filing your tax returns, including: Faster because it is electronically transmitted directly to...
It’s Tax Time! Tips to Get Organized
It may be the beginning of a new year, but now is the time to recap the previous year for Uncle Sam. Here are some tips and a checklist to help get you organized. Watch for your tax forms.Forms W-2, 1099, and 1098 will start hitting your inbox or mailbox in the next...
TIPS FOR REDUCING YOUR 2022 FEDERAL TAX BILL
2022 Tax Tips for an Individual We are alwlays looking ahead to the new year, which means it's time to think about things you can do to reduce your 2022 federal tax bill. It looks like planning for income taxes may be a little simpler this year than in the past few...
Ideas to Improve Your Personal Cash Flow
Lack of proper cash flow is one of the most common reasons businesses fail. The same is often the case in many households. Here's how the concept of cash flow pertains to you and some ideas to improve it. Cash flow defined Cash flow equals cash coming in (wages,...