Special Tax Rules for Rehiring Staff

Special Tax Rules for Rehiring Staff

If you find yourself short-staffed, one quick fix may be calling a former employee who has retired. You won’t jeopardize your pension plan’s tax status if you rehire retirees, nor is it a problem if you permit distributions of retirement benefits to...
Thanks For Helping Us Help You This Tax Season

Thanks For Helping Us Help You This Tax Season

Tax season has come and gone, and we are finally able to take a breath. We would like to extend our deepest gratitude to all our clients for working so quickly and efficiently with us during the 2022 tax season. By thoroughly reading our emails and blog posts,...
Pension Plans 101 – What You Need to Know

Pension Plans 101 – What You Need to Know

A pension plan is a type of retirement plan where employers promise to pay a defined benefit to employees for life after they retire. This is different from a defined contribution plan, like a 401(k), where employees put their own money in an...
CPA Q&A: Child Tax Credit

CPA Q&A: Child Tax Credit

Now that July is here, many of our S&K clients who are full-time parents or caregivers to school-aged children, have begun receiving their Advance Child Tax Credit payments from the IRS. Most families will receive the first half of the credit in advance monthly...