AccuFinances

03/06/2023

The IRS encourages taxpayers to file when they are ready and choose�direct deposit�to receive any refund they may be owed.

03/06/2023

Here's some motivation for your Monday from AccuFinances

03/04/2023

Here's your of the week from your friends at AccuFinances.

03/03/2023

Some insider tax knowledge from AccuFinances.

03/02/2023

Members of the clergy are taxed on not just their salary but on other fees and contributions that they receive in exchange for performing services such as marriages, baptisms, and funerals. A parsonage allowance is excludable from income but is subject to the self-employment tax unless the cleric has taken a vow of poverty and has been granted an exception.

Members of the clergy are taxed on not just their salary but on other fees and contributions that they receive in exchange for performing services such as marriages, baptisms, funerals, and masses. As a result, clerics will generally report their income in two ways:

03/01/2023

Midweek Wednesday Wisdom from AccuFinances

02/28/2023

Medicaid makes waiver payments to those who care for disabled individuals and thus saves the government from caring for these individuals in more expensive institutions. These payments can be excluded from taxable income In addition, these payments, even though excluded from income are treated as earned income for purposes of claiming the earned income tax credit if the caregiver is otherwise qualified.

Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing homes, but doing this can be expensive, time-consuming, and exhausting. The government also recognizes home care as a means of reducing the government’s costs in terms of caring fo...

02/27/2023

Because most of the COVID pandemic-related tax benefits have come to an end, your tax refunds may be smaller this year and substantially smaller for many.

02/27/2023

Get ready for the week: AccuFinances has motivation for your Monday.

02/25/2023

Some insider small business knowledge from AccuFinances.

02/23/2023

Stock options are incentives provided to key employees to help grow the value of the employer's stock. When stock options are exercised, non-statutory option gains are treated as wages, while the gain from stock acquired by the exercise of statutory (incentive) options is deferred until the stock is sold, at which time the gain is treated as a capital gain if the shares are held for a required period.

Many companies, as an incentive to employees to help grow the companies’ market value, will offer stock options to key employees. The options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are ...