individual tax

3 Midyear Tax Planning Strategies for Individuals

3 Midyear Tax Planning Strategies for Individuals

In the quest to reduce your tax bill, year end planning can only go so far. Tax-saving strategies take time to implement, so review your options now. Here are three strategies that can be more effective if you begin executing them midyear: 1. Consider your bracket The top income tax

Sonya Foster2021-04-12T14:57:43-06:00August 1st, 2017|

All Fringe Benefits Aren’t Created Equal for Tax Purposes

All Fringe Benefits Aren’t Created Equal for Tax Purposes

According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services.” But the tax treatment of a fringe benefit can vary dramatically based on the type of benefit.

Sonya Foster2021-04-12T14:57:43-06:00July 24th, 2017|