Update on Retirement Account Required Minimum Distributions
Pasquesi Sheppard Accounting Blog
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1w ago
  If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax ..read more
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How Unemployment Effects Your Taxes
Pasquesi Sheppard Accounting Blog
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1w ago
  Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly ..read more
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Your Guide to Experiencing Theatre in Chicago
Pasquesi Sheppard Accounting Blog
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1w ago
Hey there, fellow Chicagoans! If you're a lover of the arts, then you're in for a treat because the Windy ..read more
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How renting out a vacation property will affect your taxes
Pasquesi Sheppard Accounting Blog
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2w ago
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to ..read more
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Maximize the QBI deduction before it’s gone
Pasquesi Sheppard Accounting Blog
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2w ago
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So ..read more
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How Much to Save for Retirement in 2024
Pasquesi Sheppard Accounting Blog
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2w ago
Retirement planning is a complex process, but it's something you truly can't afford to ignore. If you're over the age ..read more
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Coordinating Sec. 179 tax deductions with bonus depreciation
Pasquesi Sheppard Accounting Blog
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2w ago
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a ..read more
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Beware of a stealth tax on Social Security benefits
Pasquesi Sheppard Accounting Blog
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1M ago
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the ..read more
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Keep these 3 issues in mind after you file your return
Pasquesi Sheppard Accounting Blog
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1M ago
The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can ..read more
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Bartering is a taxable transaction even if no cash is exchanged
Pasquesi Sheppard Accounting Blog
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1M ago
If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter ..read more
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