Tax & Business Newsletter: October 2021

Here are three factors to consider when determining how much to pay yourself as a business owner. Also read about how an accountable plan is a win-win tax move for you and your employees news.resourcesforclients.com • 2 min read As a small business owner, you grapple with many urgent and important questions on a daily …

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Inflation Spikes Social Security Checks for 2022

The Social Security Administration announced a whopping 5.9 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2022. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2021. For those contributing to Social Security through wages, the potential maximum income …

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Tax Planning Insights: October 2021

If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. The Mutual Fund Tax Surprise!Some tax planning tips for mutual fund investors From a tax planning viewpoint heading into the 2021 tax season, here are some great mutual fund tips to avoid …

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File That Tax Return! – October extension deadline fast approaching

Time to file your tax return for 2020 if you have not already done so. There is no reason to leave a possible refund on the table, and the IRS is not going to beg to send you back your money. Friday, October 15 marks the extension deadline for filing your 2020 Form 1040 Tax …

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