Adam’s Tax Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

Forms W-2 and 1099-NEC Are Due to be Filed Soon

Forms W-2 and 1099-NEC Are Due to be Filed Soon

The 2023 filing season deadline is drawing near, but you should also be aware the deadline for businesses to file information returns for hired workers is even closer. Employers must file these forms by January 31, 2023: Form W-2, Wage and Tax Statement. W-2 forms...

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How the New SECURE 2.0 Law May Affect Your Business

How the New SECURE 2.0 Law May Affect Your Business

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over...

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Tax-Wise Ways to Save for College

Tax-Wise Ways to Save for College

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series EE U.S. savings...

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SECURE 2.0 Law May Make You More Secure in Retirement

SECURE 2.0 Law May Make You More Secure in Retirement

A new law was recently signed to help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. SECURE 2.0...

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The Standard Business Mileage Rate Is Going Up in 2023

The Standard Business Mileage Rate Is Going Up in 2023

The price of gas is a bit lower than it was a year ago, but the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business is going up in 2023. The IRS recently announced the 2023 cents-per-mile rate for the business...

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