by Heimlantz | Nov 11, 2022 | Professional Firms
Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to indefinitely keep funds in...
by Heimlantz | Nov 4, 2022 | Professional Firms
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers employed during 2020...
by Heimlantz | Oct 28, 2022 | Professional Firms
As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle,...
by Heimlantz | Oct 21, 2022 | Professional Firms
If your traditional IRA is invested in stocks and/or mutual funds, the recent substantial downward slide by the stock markets may provide a unique opportunity to convert your traditional IRA to a Roth IRA at a low cost, and then benefit when the markets recover.Why...
by Heimlantz | Oct 11, 2022 | The HeimLantz Advisor Newsletter
October 2022 Individual Due Dates October 11 – Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 11. Your...
