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Here are the May 2024 Business Due Dates

May 2024 Business Due Dates

The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep an individual from using gifts to avoid the estate tax that is imposed upon the assets owned by the individual at their death.

Gift and Estate Tax Primer The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep an individual from using gifts to avoid the estate tax that is imposed upon the assets owned by the individual at their death. This can be a significant is...

This SMB guide walks you through the stages of launch, growth, shake-out, maturity, and decline, offering tips that can influence your strategic decisions and operational adjustments at any stage.

Unlocking the Secrets of the SMB Business Life Cycle

Some Wednesday Wisdom from your friends at Hartford based Bazzano & Rosenbloom LLC

Many parents who work or are actively looking for work must arrange for care of their children after the school day ends and during school vacations. If you are in this situation, and your children requiring care are under 13 years of age or disabled, you may qualify for a childcare tax credit.

Tax Facts about Claiming Tax Benefits for Childcare Expenses Many parents who work or are actively looking for work must arrange for care of their children after the school day ends, on weekends when they get called in to work, and during school vacations.

This guide will help you understand and correctly handle payroll taxes to be legally compliant. Learn more.

Payroll Management: A Complete Guide for SMBs

Looking for a sign? Here's your Monday Motivation from Hartford based Bazzano & Rosenbloom LLC

Design your tax plan with our firm.

While the specific details of Tekashi 6ix9ine's tax issues leading to the seizure have not been fully disclosed, the operation's visibility and targeted items suggest significant tax liabilities.

Understanding IRS Actions: A Detailed Look at Tekashi 6ix9ine While the specific details of Tekashi 6ix9ine’s tax issues leading to the seizure have not been fully disclosed, the operation's visibility and targeted items suggest significant tax liabilities.

Here's your tax fact of the week from your friends at Bazzano & Rosenbloom LLC.

A custodial account is a financial account established by an adult on behalf of a minor. There are two main types. Learn more.

Secure Your Child's Financial Future: The Importance of Establishing Custodial Accounts Early

Using the installment sale method of receiving and reporting the gain from the sale of a capital asset can spread that gain over multiple years and possibly avoid the higher capital gains rates as well as avoid or minimize the 3.8% surtax on net investment income.

Installment Sale – a Useful Tool to Minimize Taxes

A little inspiration from Bazzano & Rosenbloom LLC. Wednesday Wisdom

The Recovery Rebate Credit was designed for those who did not receive one or both Covid-19 pandemic-related stimulus checks they were entitled to in 2020. This credit is claimed on the 2020 tax return, allowing taxpayers to receive the amount they were owed as part of their tax refund. It's important to note that the deadline for filing a 2020 tax return for a refund is May 17, 2024.

Reminder: Claims For Recovery Rebate Credit About to Expire The Recovery Rebate Credit was designed for those who did not receive one or both Covid-19 pandemic-related stimulus checks they were entitled to in 2020.

Chicago has been facing significant property tax challenges. Discover how the recent "Mansion Tax" rejection could impact the Windy City.

Chicago's Property Tax Turmoil: Challenges After "Mansion Tax" Rejection Chicago has been facing significant property tax challenges. Discover how the recent ‘Mansion Tax’ rejection could impact the Windy City.

Make your Monday great with this motivation from Bazzano & Rosenbloom LLC

Focus on the travel planning, leave the tax planning to us.