At first glance, the lease accounting standard (ASC 842) seems relatively simple: Just add an asset and a liability to the balance sheet. The two …
How to Use IRA Checkwriting in Retirement to Save on Taxes
For more than four decades, the individual retirement account (IRA) has been the go-to savings vehicle for retirement savers who are looking for a current …
What does the new lease accounting standard mean for your business?
When the new lease accounting standard, Accounting Standards Codification (ASC) 842, is implemented, all leases will have to be reported on the balance sheet. A …
Everything you need to know about the Taxpayer First Act
As of July 1, 2019, the Internal Revenue Service has been put on notice. The Taxpayer First Act has been passed by Congress with bipartisan …
IRMAA: The Hidden Medicare Tax
IRMAA stands for Income-Related Monthly Adjustment Amount. Many of us pay premiums for Medicare Parts B and D just like any health insurance. But high …
Benefits of Contributing to a Maryland 529 plan
Savings for a child’s college education just got a little easier with a Maryland 529 plan. Thanks to a new government program, it’s now possible …
