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IRS 2024 Updates: Retirement and Health Benefit Plan Limits

WEBQualified Transportation Fringe Benefit Monthly Limits: Transit Pass/Vanpooling. $300. $315. Note: The dependent care assistance limit remains …

Actived: 9 days ago

URL: https://www.cpanerds.com/blog/general/2024-irs-adjustments-for-retirement-and-health-benefit-plans/

Employee Retention Tax Credit (ERTC) Information to Know

WEBThe CARES Act (passed March 27, 2020) included a novel tax credit allowing eligible employers to claim a tax credit equal to 50% of qualifying wages, up to …

Category: Health Go Health

What’s the difference between Inflation and a Recession

WEBInflation and recession are vital economic phenomena. While inflation denotes the decrease in the purchasing power of money due to rising prices, a …

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Posts filed under Tax Tips Blog CPA Nerds

WEB2024 IRS Adjustments for Retirement and Health Benefit Plans. Posted by Perfect Afternoon on December 11, 2023 under General, Tax Tips. Overview of 2024 IRS Cost …

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Tax Extension Questions Answered By The Nerds CPA Nerds

WEBTax Extension Questions. 2020 has been a wild ride so far! While protecting your health, did you forget to file your taxes? Have no fear, because CPA Nerds is here …

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Nonprofit Tax Return Questions Answered CPA Nerds

WEBIf you’re in need of any extra guidance, reach out to CPA Nerds, and be secure in the knowledge that your financial affairs are in order and meeting obligations …

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Important 2019 Tax Year Changes CPA Nerds

WEBMedical Expense Deduction Threshold. As many of you may know, the standard deduction was virtually doubled in 2018, resulting in many taxpayers receiving …

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Daniel Sharp (AKA Superman) CPA Nerds

WEBContact Info. [email protected]. 39500 High Pointe Blvd. Novi, MI 48375. Dan has spent the last 13 years of his career in Accounting and Tax, with most spent in Public …

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CPA Blog Macomb County Accounting Firm Lotito & Lazzara P.C.

WEB2024 IRS Adjustments for Retirement and Health Benefit Plans. Posted by Perfect Afternoon on December 11, 2023 under General, Tax Tips. Overview of 2024 …

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Nonprofit CPA Services CPA Nerds Lotito & Lazzara

WEBFree Consultations for Nonprofit CPA Services. With the assistance of knowledgeable CPAs, nonprofits can focus on their core missions, secure in the knowledge that their …

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IRS Announces Withdrawal Process for Employee Retention Credit …

WEBThe Employee Retention Credit (ERC), established under the CARES Act, served as a fiscal lifeline for businesses navigating the tumultuous economic landscape …

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Three 2015 Income Tax Return Changes CPA Nerds

WEB2. Affordable Healthcare Act, (Obama-care) Forms. Due to the new healthcare laws, you may receive several new tax forms this year. If you receive any of …

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Prepare Your 2020 Tax Return With Our 1040 Checklist

WEBThe CPA Nerds have prepared our annual 1040 checklist to help you prepare and file your 2020 tax returns. This checklist will help you collect all the …

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Succession Planning 101 Retirement Tips CPA Nerds

WEBWith another tax season behind us, many accountants are asking themselves “do I want to do this anymore? Nothing gets easier.” The Tax Cuts and Jobs …

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Non-Profit Expert Financial Audits and Reviews Form 990

WEBFor non-profit charities and tax-exempt organizations that are not mandated to undergo audits or reviews, Lotito & Lazzara’s services extend to expertly preparing IRS …

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Important 2019 Tax Dates CPA Nerds

WEBMarch 15, 2019. This is the deadline for 2018 corporate tax returns, and they must mail out the following: Form 1120; Form 1120-A; Form 1120-S; If a corporation uses the calendar …

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IRS Announces Michigan Storm Tax Relief CPA Nerds

WEBFollowing the devastating storms, flooding, and tornadoes that struck Michigan in August 2023, the Internal Revenue Service (IRS) swiftly enacted crucial tax …

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Why People Are Outraged at Lower Tax Returns CPA Nerds

WEBThe 2018 tax season left many people confused by their lower tax returns. On average, refunds were 9% lower thisyear. But tax cuts were higher for most.

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