by PTF | Dec 28, 2020 | Articles, Planning Services, Resource, Tax Preparation
Article Highlights Take Full Advantage of Your Deductions Traditional IRA Contributions at Any Age Make Charitable Contributions with IRA Funds Larger-than-Normal Charitable Contributions May Be Possible Deducting Charitable Contributions Without Itemizing Marital...
by PTF | Dec 23, 2020 | Articles, Business Services, News, Resource
Article Highlights: Standard Deduction Transportation Fringe Benefits Retirement Plans Contribution Limits SIMPLE Retirement Accounts IRA Contribution Limits Health Flexible Spending Accounts Education Credits Estate Tax Exclusion Annual Gift Exclusion Sec 179...
by PTF | Dec 21, 2020 | Announcements, Articles, Business Services
Article Highlights: 1099-NEC Filing Requirements Independent Contractor Filing Threshold Form W-9 Worksheet This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are...
by PTF | Dec 18, 2020 | Articles, Misc, Resource
Article Highlights: De Minimis Fringe Benefits Cash Gifts Gift Certificates Group Meals FICA and Wage Withholding It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so...
by PTF | Dec 16, 2020 | Articles, Planning Services, Resource
As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions made over the last...
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