by PSA CPA | Nov 1, 2024 |
IRAs are designed to help individuals save for retirement, but what happens to these funds if the account owner passes away? When setting up an IRA, you have the option to designate a beneficiary who will inherit your IRA if you die. If you don’t assign a beneficiary,...
by PSA CPA | Jul 1, 2024 |
The way you manage your taxes and record-keeping can have a significant impact on your performance as a small business owner. Look out for these typical tax errors that proprietors of small businesses make. Choosing the wrong form of business Everybody seems to have...
by PSA CPA | Mar 1, 2024 |
Medical expenditures may be quite costly. However, two special accounts, the health savings account (HSA) and the health flexible spending account (FSA), can help with both your doctor’s and tax expenditures. As with all taxes, there are exceptions and...
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