Qualified Plan Archives - RMS Accounting

Florida Sales Tax

Nov 20, 2023 | Blog, Business Tax

Sales Tax in Florida Can Be Complex Think You Understand Florida Sales Tax? Confusion can be as close as your next trip to the grocery store. While many think it’s a simple as what you can eat and what you can’t -- this is just not true. Let’s review some examples....

Bunching Deductions

Nov 18, 2023 | Blog, Personal Tax

Not able to itemize every year? Think about bunching deductions in the years you can itemize. If you have qualified itemized deductions that are NOT equal to the standard deduction in one year, you might be better off pushing deductions to the next year and itemizing...

Time to Verify

Nov 15, 2023 | Blog, Business Tax

Now Is The Time To Verify Information Needed for 1099-MISC’s and 1099-NEC’s Businesses that pay $600 or more for services or rents during the year should review vendor information to make sure they have what they need to prepare the required forms at the end of the...

Estate Planning

Nov 12, 2023 | Blog, Personal Tax, Wealth

Estate Planning Watch Out For the Cliff Watch out for the coming estate tax cliff. The Tax Cuts and Jobs Act increased the estate tax exemption amount through 2025. After 2025 the unified credit drops from $12.92 million per individual for 2023 to a figure around $7...

Qualified Plan Loans Avoiding Unplanned Distributions & Penalties

Archives