by Cathy Macchietto | Nov 9, 2020 | Uncategorized
As we approach the end of 2020, it’s a good time to review your investment portfolio for tax- saving opportunities. Although you shouldn’t base your investment decisions on taxes alone, it’s important to weigh the tax implications when buying and selling securities....
by Cathy Macchietto | Sep 28, 2020 | Uncategorized
As you approach retirement age, it’s important to take inventory of your savings and map out a strategy for managing your retirement income. A key component of this strategy is selecting the right time to begin collecting Social Security benefits. You have the option...
by Cathy Macchietto | Sep 28, 2020 | Uncategorized
The Tax Cuts and Jobs Act of 2017 (TCJA) slashed many common deductions for business meals and entertainment. Yet a great deal of confusion remains about what is, and is not, deductible. Although most entertainment expenses no longer qualify (with some...
by Cathy Macchietto | Aug 31, 2020 | Uncategorized
Starting in 2020, employers have an attractive new alternative to traditional group health plans: The individual coverage health reimbursement arrangement (ICHRA). ICHRAs have several advantages over previously available health reimbursement arrangements (HRAs),...
by Cathy Macchietto | Aug 31, 2020 | Uncategorized
Many organizations use the IRS’s standard mileage rates to calculate deductible vehicle costs and reimburse employees tax-free for business use of their personal vehicles. For 2020, the rates are 57.5 cents per mile driven for business, 17 cents per mile driven for...
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