Are you looking to enhance your retirement savings while benefiting from tax credits? The RSC Credit – Retirement Savings Contributions Credit, or Saver’s Credit, is a beneficial tool for low- and middle-income individuals planning their retirement. This credit permits qualifying taxpayers to receive up to $1,000, or $2,000 for those filing jointly, for contributions to…… Read More
Each year, the Internal Revenue Service (IRS) revises over 60 tax provisions to account for inflation, a practice aimed at averting “bracket creep.” This phenomenon occurs when inflation nudges individuals into higher tax brackets or diminishes the benefits from credits and deductions, not due to actual income increases. Previously, the IRS relied on the Consumer…… Read More
As the 2023 tax filing season approaches, Kian Finance Authority, your trusted business consultant near me, is here to ensure you’re well-prepared. Proactive steps now can save you from tax-time stress. Here’s what you can do: Check Your Withholding Time’s ticking to adjust your paycheck withholding for 2023. Use the IRS Withholding Estimator to verify…… Read More
As a leading provider of the best nonprofit consulting and business consulting services near you, Kian Finance Authority is dedicated to informing you about essential changes affecting your business. Starting January 1, 2024, a significant update in U.S. regulations requires certain companies to submit their “beneficial owner details” to the Financial Crimes Enforcement Network (FinCEN). …… Read More
As we approach the end of the year, you must be aware of the upcoming tax deadlines. Whether you’re an individual, a small business owner, or in need of a corporate tax accountant, staying informed and prepared is critical to avoiding penalties. Here’s a breakdown of the significant tax dates in November and December that…… Read More
Receiving an enrolled agent certification (EA) is a prestigious and rewarding path if you’re exploring a career in tax preparation and representation. As someone interested in ‘how to become an enrolled agent,’ you should know that this journey involves dedication, study, and a commitment to upholding high standards in tax administration. Kian Finance Authority is…… Read More
Navigating through the tumultuous waters of a divorce or separation can be challenging, especially regarding your taxes. As the leading company in income tax preparation in Florida, Kian Finance Authority offers guidance to help you make the necessary tax planning adjustments during these significant life changes. Changes in Filing Status Your tax filing status is…… Read More
As you explore options for business formation training or seek a business consultant near me, understanding the landscape of financial fraud becomes imperative. The IRS has warned about a scam involving misleading tax deductions for art donations. This scheme entices individuals with the promise of hefty tax deductions from art donations underpinned by inflated appraisals…… Read More
It’s that time of year again when tax professionals, enthusiasts, and experts from around the nation gather to delve into the ever-evolving world of taxes. The National Tax Conference, scheduled for November, promises an array of insightful sessions, discussions, and workshops that delve into the intricate realm of tax education. This conference is not just…… Read More
9 Reasons Why You Should Open an IRA Account for yourself by April 15, 2024 In today’s financial landscape, preparing for the future is more important than ever. An Individual Retirement Account (IRA) stands out as one of the most effective tools to secure a comfortable retirement. With the deadline for 2023 contributions looming on… Read More