A business may use the term "per diem" to describe a type of work or a method of budgeting certain business expenses. Employers and employees can find many benefits to using...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/31/2022
Based on the tax reform, the moving deduction was suspended until 2026. Presently, only active-duty members of the military and their households that move in response to order can...
Posted by Rosovich & Associates, Inc. on 01/31/2022
When you change your location, many entities need to be updated on such status changes – credit card firms, fitness memberships, magazine subs, etc. There is a big probability...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/10/2021
The legality of marijuana in many American states is questionable. However, medical marijuana can easily be obtained via a doctor’s prescription and is legal in 34 states. Also,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/24/2021
Irrespective of your age or profession, it is essential that you always work towards retirement, which is the essence of your 401(k) plan. The 401(k) is a retirement savings account...
Posted by Rosovich & Associates, Inc. on 10/09/2021
One of the not-so-good aspects of a credit report is getting rid of negative listing even after its payment or the difficulty in removing it. By logic, it seems reasonable that as...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/10/2021
Military personnel are some of the people who make the largest sacrifice. Such a line of job comes with severe hardships, so Uncle Sam offers some compensation in a bid to cushion...
Posted by Rosovich & Associates, Inc. on 08/30/2021
No one loves the idea of giving Uncle Sam the hard-earned money. However, it is horrible to leave a tax deduction that could bring down your tax bill due to ignorance. As a result,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/30/2021
All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/09/2021
