Individual Retirement Accounts – Roth IRAs
A Roth IRA is an individual retirement arrangement. It is a personal savings plan that gives you tax advantages for setting aside money for retirement. An account must be designated as a Roth IRA when opened. We explore some of the common Questions about Roth IRAs, such as; What are the advantages of a Roth IRA? Who can contribute? Should you consider converting to a Roth IRA? Are Distributions from a Roth IRA required? Find out more about Roth IRAs by clicking on the Download Article link below.
Retirement Income
Learn how Social Security Benefits are calculated. We cover Pension Income, IRA Distributions, Required Minimum Distributions, Age at Time of Retirement and impacts of Early Retirement Reductions and more. Get the facts by clicking on the “Download Article” button below.
Saving for Retirment
Everyone wants to know; Am I Saving Enough? We cover Traditional IRAs, Roth IRAs, Simple IRAs, Defined Contribution Plans and Retirement Savings Contribution Credits in our article. Get the details by clicking on the “Download Article” button below.
Planning and Saving for Retirement
/in Saving for Retirement /by Cliff BrayIndividual Retirement Accounts – Roth IRAs
A Roth IRA is an individual retirement arrangement. It is a personal savings plan that gives you tax advantages for setting aside money for retirement. An account must be designated as a Roth IRA when opened. We explore some of the common Questions about Roth IRAs, such as; What are the advantages of a Roth IRA? Who can contribute? Should you consider converting to a Roth IRA? Are Distributions from a Roth IRA required? Find out more about Roth IRAs by clicking on the Download Article link below.
Retirement Income
Learn how Social Security Benefits are calculated. We cover Pension Income, IRA Distributions, Required Minimum Distributions, Age at Time of Retirement and impacts of Early Retirement Reductions and more. Get the facts by clicking on the “Download Article” button below.
Saving for Retirment
Everyone wants to know; Am I Saving Enough? We cover Traditional IRAs, Roth IRAs, Simple IRAs, Defined Contribution Plans and Retirement Savings Contribution Credits in our article. Get the details by clicking on the “Download Article” button below.
Medical Expense Tips and Kiddie Tax
/in Medical Expenses /by Cliff BrayHealth Savings Accounts
A health savings account (HSA) is a tax-exempt or custodial account set up with a qualified HSA trustee to pay or reimburse certain medical expenses incurred by an individual, his or her spouse, and qualified dependents. Learn more by clicking on the Download Article link below.
Itemized Deductions – Medical Expenses
Check out Guidelines Medical Expenses by clicking on the “Download Article” button below.
Kiddie Tax
“Kiddie Tax” is the term used for the tax on certain unearned income of children taxed at the parent’s rate instead of the child’s rate. Learn more by clicking on the “Download Article” button below.
Record Keeping Ideas for Tax Purposes
/in General, Record Keeping for Tax Purposes /by Cliff BrayMileage and Expense Log for 2017
When are Transportation Expenses Deductible? Most employees and self-employed taxpayers can follow straightforward guidelines. Find out more about what qualifies and doesn’t qualify by clicking on “Download Article” button.
Business Expenses
Worksheet – 2017
Check out our Business Expenses Worksheet for 2017 by clicking on the “Download Article” button below.
Business Financing – Don’t Intermingle Funds!
A common problem with single-owner and other closely held corporations is intermingling funds. Learn More about how to avoid this by clicking on the “Download Article” button below.
Record Keeping for Tax Purposes
Which records should you keep? For how long? Get the answers to these and other questions by clicking on the “Download Article” button below.
