ARTICLES

Boost employee benefits with 401(k)s, SEP-IRAs, or SIMPLE IRAs—each offers unique perks, limits, and tax advantages for growing businesses.

Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.

Claim IRA tax credits: 30% for energy upgrades, $7,500 for EVs, $1,000 for chargers. Act by Dec. 31; changes may end these perks.

IRS raises 2025 retirement limits: 401(k) to $23,500, higher catch-up for ages 60–63. SIMPLE & SEP limits increase, IRA stays at $7,000.

The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.

TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.

As 2024 comes to an end, consider tax free gifts to reduce taxes. Couples can give $36K ($18K for singles). 'Tis the gift giving season.

529 plans offer tax-free growth for education savings, covering K-12 and college costs. Withdrawals are tax-free for qualified expenses.

To deduct losses, you must prove your business is not a hobby. Profit intent must be shown through records, time, and expertise. Contact us

Separating real estate ownership from your business may reduce double taxation and boost asset protection. Contact us to learn more.

EAPs support employees’ mental health but may require ERISA, COBRA, HIPAA, or ACA compliance. Legal guidance helps ensure full compliance.

Remote work can cause double taxation and multi-state tax obligations. Employees and employers must be aware of these potential tax issues.

Selling real estate? You may owe up to 25% in taxes, plus 3.8% NIIT. Rules are complex—contact us with questions and we'll guide you!

Plan tax-saving strategies for 2024. Maximize deductions, delay income, contribute to retirement, and donate smartly from IRAs.

Electric vehicles are on the rise, boosted by a $7,500 tax credit. Check if you qualify and learn how to take advantage of this incentive.

If you enjoy donating to charity and are required to take withdrawals from your traditional IRA, you might be able to save on taxes.

If your income is high, you may owe two extra taxes: NIIT and Medicare. They can increase your tax bill but plan ahead to reduce its impact.

Have you ever ended up with a surprise tax bill because of something your spouse or ex-spouse did. You may be eligible for relief.

Do you rely on disability income, or know someone who does? Here's what you need to know about how that income is taxed.

Believe it or not, there are legitimate ways to earn tax-free income and gains. Here are six tax-free income opportunities.