Andersonadvisors.com

Accountable Plans

WebAn accountable plan is a plan to enable you to reimburse yourself and your employees from your business entity. The first important point in that is the word “employee.”. To take …

Actived: 7 days ago

URL: https://andersonadvisors.com/accountable-plans-reimbursed-expenses/

How to Read and Analyze Quarterly Financial Statements

WebQuarter-on-Quarter (QoQ) Quarter-on-quarter (QoQ) is a comparison of the current quarterly financial statements with the prior quarterly financial statements of a company. This …

Category:  Health Go Health

Guide To Tax Planning

WebThis credit was increased to $2,000 per child and is refundable up to a maximum $1,400 per child, depending on income, and is capped at 15% of earned income in excess of …

Category:  Health Go Health

Can I Contribute To My Health Savings Account After Leaving My …

WebToby MathisToby Mathis, Esq. ~ Founding Partner, Attorney, Author & Business Tax Expert. Toby Mathis is a founding partner of Anderson Law Group and current manager of …

Category:  Health Go Health

What’s the Difference Between Revocable & Irrevocable …

WebLongevity. Another difference between these two trusts is that a revocable trust only lasts as long as the grantor is alive. Then, the assets are either dispersed or the trust becomes …

Category:  Health Go Health

Everything You Need to Know About Bexar County …

WebThe annual property tax assessment roll is over $155,652,228,052 or roughly $156 billion. Of that, over $4 billion is collected as property tax revenue. This revenue goes to fund …

Category:  Health Go Health

What is an Independent Contractor

WebA 1099 Contractor is a name given to self-employed individuals who trigger the need for a company to issue a Form 1099-MISC to document earnings paid to this person for …

Category:  Health Go Health

Real Estate Bookkeeping

WebReal Estate Bookkeepers You Can Trust. With over 20 years of experience and over 40,000 clients nationwide, Anderson Business Advisors is the largest real estate tax, asset …

Category:  Health Go Health

How To Pay Yourself a Salary from Your C-corporation

WebFirstly, keep in mind one of the benefits of taking a salary is that it’s tax-deductible to your C-corporation. Then, you’ll pay income tax at your individual tax bracket plus self …

Category:  Health Go Health

Long Term Care Policy Long Term Care Insurance Policy

WebIn 2016, the average cost of a private room in a nursing home was approximately $100,000 per year. The average cost for an adult day healthcare center was $68 per day, and it …

Category:  Health Go Health

How to Get a Letter of Testamentary

WebStep 1: Obtain a Death Certificate. The first step in securing a letter of testamentary is obtaining a death certificate. In most cases, you can obtain a death certificate from your …

Category:  Health Go Health

7 Frequently Asked Questions About Rollover IRAs

WebAn IRA rollover account is an independently managed retirement account that allows you to empty the contents of your 401 (k) or 403 (b) or employee profit-sharing plan into an IRA. …

Category:  Health Go Health

Learn how the IRS defines a "Day Trader" here.

WebUpdated March 15th, 2023. If you are a day trader in securities, when you file a tax return with the IRS, the IRS treats you as an investor by default. Being an investor, your income …

Category:  Health Go Health

Learn the 6 Reasons Everybody Should Have a Living Trust

WebA living trust is a legal estate planning tool that can detail how assets are to be used or distributed in cases of incapacitation or death. It specifies the legal relationship between …

Category:  Health Go Health

How to Qualify as a Real Estate Professional

WebToby Mathis, Esq. Founding Partner Attorney. Toby is an attorney on a mission to help investors and business owners keep and grow more. A founding partner of Anderson …

Category:  Health Go Health

What Is a Nest Egg

WebIt’s estimated that as of 2018, the average American has roughly $95,000 put away. It’s important to remember that a nest egg is meant to provide for your needs throughout …

Category:  Health Go Health

What is an Excise Tax

WebIf, for example, someone contributed $10k to an IRA, their excise tax rate would yield a federal tax of $320. You will also owe an excise tax bill if you take money out of your IRA …

Category:  Health Go Health

7 Business Asset Protection Tactics to Limit Liability

WebThere are many ways to protect your business assets from lawsuits, creditors, and other unscrupulous individuals. These tactics include: 1. Structure the Business Properly. The …

Category:  Health Go Health