UNION TAX INC

12/15/2021

Here are several cash flow management tips to keep your business humming along as we head into 2022. Also read about tips for safeguarding your business's inventory from inside and outside threats.

Cash is key to running a successful small business. But how to manage cash can sometimes be a challenge. As we head into 2022, this month’s newsletter provides several cash flow management tips to keep your business humming along. Also read about tips for safeguarding your inventory from threa...

12/10/2021

Now is the time to plan next year's retirement contributions.

2022 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

12/08/2021

Ouch! Don't trip over these hurdles when deducting medical expenses on your tax return. Here are some tips to ensure your medical expenses are tax efficient.

Medical expenses are tough to handle for most of us. It is even more difficult if you need to pay those bills with after-tax dollars. Fortunately, by knowing the rules you can be much more tax efficient with these payments! Call if you would like to discuss how any of this information relates to you...

12/06/2021

5 retirement mistakes that can cost you big $$

12/03/2021

There are still a few weeks left in the year to reduce your tax obligation. Here are 15 great ideas.

Here are 15 ideas that may reduce your tax bite for this year. But act soon as the year-end is fast approaching.

12/01/2021

Take our holiday quiz to test your expertise in past toy crazes! Also read about recent tax court cases that may be relevant to you, five great money tips and preparing for surprise business expenses.

To help celebrate this holiday season and momentarily forget about potential supply shortage frustrations you may encounter while shopping, this month’s newsletter features a fun quiz about toy crazes from the past. This fun trip down memory lane is sure to be a crowd pleaser! Also read about...

11/29/2021

Is your retirement tax efficient?

11/26/2021

Donating your car can be a great tax deduction, while helping a worthwhile cause. But if you are not careful, your donation value could be limited. Here is what you need to know.

One of the biggest contributions a taxpayer can make is to donate a used automobile. But if not careful, the value of a donated vehicle could be a lot lower than you think.

11/22/2021

Plan for college and navigate the different savings options.

11/19/2021

2022 HSA limits rise to $3,650/individuals and $7,300/families. HSAs are a versatile way to save for both medical care and retirement.

The ever-popular health savings accounts (HSA) limits are set for 2022. The new limits increase the amounts you can save and pay for qualified medical expenses with pre-tax dollars.

11/17/2021

Losing money is never fun, but business losses can potentially be deductible. Here's what you need to know. Also consider these tips for maximizing your business's customer retention.

Many small businesses navigated a downturn in revenue and profits over the past 24 months. If your business ever finds itself in the red, it’s at least good to know that you can use that loss against future income for tax purposes. The rules for how you can use your business’s losses to...