Spousal IRAs offer a unique opportunity for married couples to continue building retirement savings even when one spouse isn’t working outside the home. This guide explains the benefits of traditional and Roth spousal IRAs and outlines the criteria and strategies for maximizing tax advantages and long-term financial goals. Discover ways to sustain your retirement momentum regardless of employment status.
Navigating the complex world of IRAs can significantly impact your retirement strategy. Discover the differences between Traditional and Roth IRAs and how each can fit into your long-term financial goals. From tax implications to withdrawal strategies, learn how to align your IRA choice with your future income expectations and retirement aspirations.
Vasquez + Company LLP invites you to part 2 of our executive orders webinar series on federal grant compliance. This session is designed to equip government and nonprofit leaders with the knowledge and strategies needed to confidently manage federal funding.
Vasquez + Company LLP has been named a 2025 West Coast Regional Leader by Accounting Today for the second consecutive year, recognizing the firm’s continued growth and industry leadership. This achievement reflects Vasquez’s commitment to excellence, innovation, and high-quality client service.
Uncover the potential hidden wealth in forgotten financial accounts. This article guides you through reclaiming lost assets, highlights the importance of proper documentation, and offers tips to keep your finances organized and accessible. Dive in to prevent future financial mysteries and turn nostalgic discoveries into real financial gains.
Mishandling payroll taxes can lead to dire consequences, including personal liability for business owners and key personnel. Discover how these liabilities arise, the serious repercussions of neglect, and proactive steps you can take to avoid falling into the payroll tax trap. Stay informed to protect your business’s financial health and reputation.
Navigating COBRA compliance can be complex, yet it plays a critical role in safeguarding employee health benefits during transitions like job loss or reduced hours. This article breaks down essential COBRA requirements for employers, emphasizing the importance of timely communication and organized processes to prevent legal pitfalls and foster workforce goodwill. Discover how upholding these obligations can protect your organization and support your employees in times of change.
Navigating post-year-end contributions can still help you decrease your 2024 tax bill and boost retirement savings. From IRAs to small-business retirement plans like SEP IRAs and profit-sharing plans, discover strategies for maximizing deductions this tax season. Explore which plan suits your needs and deadlines to ensure an optimal financial future.
As tax season approaches, small business owners have various last-minute strategies at their disposal to manage and potentially reduce their 2024 tax liabilities. From understanding key filing deadlines to leveraging deductions like the Qualified Business Income deduction and Section 179 depreciation, this guide explores proactive steps that could significantly impact your tax position. Discover how acting swiftly and strategically can set you up for success in the upcoming tax year.
Discover the intricacies of the Accumulated Earnings Tax (AET) and how it affects C corporations trying to balance growth and tax efficiency. This article explores triggers, consequences, and strategies for AET management, providing valuable insights on tax planning to minimize penalties while maximizing business potential. Dive into the differences between AET and the Personal Holding Company tax to ensure your corporation stays compliant and financially sound.