"Every year, the state imposes a tax holiday on clothes, shoes, and backpacks so Maryland families can save money on their back-to-school purchases.
Maryland Tax-Free Week 2020 will begin on Sunday, August 9, and run through Saturday, August 15."
#SalesTax #BackToSchool #TaxHoliday
'Shop Maryland Tax-Free Week' Begins on August 8
ourcommunitynow.com
Save six percent on clothing, shoes, and other back-to-school essentials during Marylands annual tax-free Week."Americans can start Social Security beginning at age 62.
But waiting until age 70 is one of the most impactful financial decisions a retiree can make.
That’s because Social Security checks grow by 8% each year a retiree waits to claim benefits."
#SocialSecurity #Retirement #InvestmentPlanning
Here's an easy, low-cost way to build a retirement plan like the pros
www.cnbc.com
Deciding how to save for retirement and spend your nest egg can be challenging. But there's an easy, low-cost way to do it that approximates the method used by professionals."As the owner of a small business, ensuring taxes are handled properly and on time is important.
When it comes to the LLC classification, there are a handful of configurations that determine how to file business's taxes."
#BusinessTaxes #LLC #SCorp
www.businessnewsdaily.com
Setting up your business as an LLC may limit your liability, but failing to properly handle your business taxes comes with steep consequences.People have used trusts to protect their assets for generations.
Here's a brief synopsis of how these work!
#Trusts #AssetProtection #LiabilityInsurance
Asset Protection in Estate Planning
www.broadridgeadvisor.com
You're beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit..."Managing an accounting system incorrectly can hurt a business not only now, but also in the long-term.
Below is a rundown of the things an accountant can do for a small business owner."
#Accountant #SmallBusiness #BusinessStructure
21 Ways an Accountant Can Benefit Your Small Business
www.thebalancesmb.com
Thinking of hiring an accountant for your small business? Here is a list of common tasks completed by an accountant to decide if your small business needs one."As companies grapple with the current economic climate, many are taking a more critical look at their books to understand how they can cut back on costs and increase profitability.
Here are some accounting tips to help navigate difficult circumstances."
#Accounting #Budgeting #AccountingTeam
Council Post: Five Ways You Can Easily Improve Your Accounting Strategy During A Downturn
www.forbes.com
Lean on your accounting team to assess business continuity and profitabilityAs a business owner, deciding when and how to step out of the family business to retire is a major decision.
Read on to learn more about common strategies for minimizing taxes when doing so!
#FamilyBusiness #BusinessTaxes #EstateTaxes
Transferring Your Family Business
www.broadridgeadvisor.com
As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business. Selecting the right one will depend on whether you plan to retire from the business or...."What's old is new again, as some familiar schemes dot the annual Dirty Dozen list of tax scams, as identified by the Internal Revenue Service.
On Thursday, the agency warned that the COVID-19 outbreak has provided the scammers with some added ammunition."
#IRS #Taxpayers #TaxScams
IRS identifies top tax scams for 2020 – WPTA21
wpta21.com
IRS identifies top tax scams for 2020 July 16, 2020 12:21 pm Jonathan Shelley Top Stories WASHINGTON (WPTA21) - What's old is new again, as some familiar schemes dot the annual "Dirty Dozen" list of tax scams, as identified by the Internal Revenue Service. On Thursday, the agency warned that the COV..."What's the difference between an accountant, a certified public accountant, and an enrolled agent?
Here are the qualifications for each profession, licensing, and continuing education requirements."
#CPA #Accountant #TaxAdvisor
Why Your Small Business Should Have A CPA
www.thebalancesmb.com
CPAs are the highest level of tax and financial advisors. A comparison with enrolled agents and accountants shows why your business needs a CPA.Need an experienced CPA firm?
At Jordan Tempchin & Associates, we pride ourselves on our customer service and boast clients that have been with our firm for three generations.
Contact us today!
#CPA #CustomerService #Accounting
jtempchincpa.com
Jordan Tempchin & Associates CPA provides Accounting, Business Tax & Personal Tax services. Serving Washington DC, Maryland & Virginia for over 60 years. Family owned and operated since 1952. Based in downtown Silver Spring Maryland.