Snyder & Company PA CPA's

11/24/2023

The window to lower your taxes is quickly closing. Here are tips to know when you need a review.

There is still time left in the year to impact your tax obligation, but only if you act soon. Here are some key triggers that mean a planning session might be in order.

11/23/2023

Wishing you and your family a joyful holiday meal!

11/21/2023

Snyder & Company PA CPA’s is now Wise Business Solutions!

Follow our new page here:

https://www.facebook.com/WiseBusinessDE?mibextid=ViGcVu

Your business needs to fund your life: travel, adventure, education, and retirement. We help you make strategic business decisions to grow your business and move you towards the end goal of a secure, fully funded retirement. Our all-encompassing custom business solutions include tax planning, prepar...

11/17/2023

Sales to related parties, like children, grandchildren and siblings can cause tax trouble if you aren't careful. Before you act, call to discuss the specifics of your transaction.

Selling property to family is a common practice, but these transactions can have some unfavorable consequences if not planned for in advance. Here are four common related party situations and tips to help you avoid tax trouble.

11/10/2023

As year-end approaches it's important to understand the transaction trends within your mutual funds. Taxable dividends and distributions from mutual funds can bring surprising additional taxes.

Year end moves by mutual fund managers often cause tax obligations for their fund owners. These surprises come in the way of 1099 DIV and 1099 B tax forms. Here are some ideas to help manage the problem.

11/03/2023

IRS audits are about to become more common place. Your best defense, be prepared. Here are some great ideas.

Taking valid deductions on your tax return is your right. Defending your deductions is going to be more common place as the IRS hires more staff. Here are some tips.

11/01/2023

There's still time to lower your tax bill this year. But you need to act now! Find out more here.

This month's newsletter outlines Social Security’s cost-of-living adjustment for 2024, plus some basic information on how Social Security works. And there is still time to take action to reduce this year's tax bill. Please review the tax planning articles to bring some ideas top of mind for yo...

10/27/2023

Do you know the benefits of municipal bonds? Here is what you should know.

With the rise in interest rates, it is time once again to consider investment alternatives versus parking your money in a low interest savings account or in higher risk stocks. Here is a summary of the tax benefits of municipal bonds.

10/20/2023

Consider withdrawing money from tax-deferred retirement accounts as soon as you turn 59 to reduce future tax risk on your Social Security benefits.

A big surprise can occur when you see your Social Security Retirement Benefits being subject to income tax. This additional tax is often triggered by Retirement Account distributions. Are you prepared for this?

10/13/2023

$8,400 more of your income is subject to Social Security taxes in 2024. Here are the details.

2024 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.