by Sarah Boehle Pool | Jul 26, 2021 | Latest News
The IRS has announced 2022 amounts for Health Savings Accounts The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose...
by Sarah Boehle Pool | Jul 21, 2021 | Our Staff
Amanda Forry Staff Accountant Present Position Staff Accountant Education Bachelors in Secondary Education with an emphasis in Math/P.E. from Concordia University – Seward, NE. Specialties Payroll Preparation Bookkeeping What do you enjoy doing when you are not...
by Sarah Boehle Pool | Jul 21, 2021 | Latest News
Plan ahead for the 3.8% Net Investment Income Tax High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to...
by Sarah Boehle Pool | Jul 19, 2021 | Latest News
An S corporation could cut your self-employment tax If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by...
by Sarah Boehle Pool | Jul 12, 2021 | Latest News
Help ensure the IRS doesn’t reclassify independent contractors as employees Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS...
