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BUSINESS TAX STRATEGIES MADE EASY AT ALDRIDGE, BORDEN & COMPANY

BUSINESS TAX STRATEGIES MADE EASY AT ALDRIDGE, BORDEN & COMPANY

If you own a small business, you know how confusing, complicated, and scary it can be to remit payroll taxes and quarterly taxes. Even if you use a tool like Quickbooks, which supposedly handles all of your tax concerns for you, it’s still very intimidating because if you make a mistake, you could end up paying back taxes. This can put a strain on your cash flow and could even force you to have to take out a loan for payroll.

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LEAVING THE MOST FOR LOVED ONES – ESTATE PLANNING TIPS

LEAVING THE MOST FOR LOVED ONES – ESTATE PLANNING TIPS

Considering a future for our families beyond our own lifespans can lead to some of the most difficult financial decisions. We want to be here earning a living and guiding our family’s future every step of the way. But the reality, sadly, requires us to make plans in the event of incapacitation and death—plans that simply can’t be wished away.

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THE IRS HAS JUST ANNOUNCED 2024 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

THE IRS HAS JUST ANNOUNCED 2024 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs).

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CONVERTING YOUR HOME INTO A RENTAL?

CONVERTING YOUR HOME INTO A RENTAL?

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls.

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TAX CREDIT FOR BUSINESSES THROUGH THE ALABAMA ACCOUNTABILITY ACT

TAX CREDIT FOR BUSINESSES THROUGH THE ALABAMA ACCOUNTABILITY ACT

The Alabama Accountability Act allows Alabama taxpayers and businesses to contribute to Scholarship Granting Organizations to claim a dollar-for-dollar tax credit for 100% of their Alabama tax liability. The limit to the credit for individuals is $100,000. Businesses can also reserve a tax credit for 100% of their total tax liability with no dollar limit. The credit can be carried forward for three years. The mission for these organizations is to provide scholarships to low income students to attend public and private schools in the state.

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IRA CHARITABLE DONATIONS ARE AN ALTERNATIVE TO TAXABLE REQUIRED DISTRIBUTIONS

IRA CHARITABLE DONATIONS ARE AN ALTERNATIVE TO TAXABLE REQUIRED DISTRIBUTIONS

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity.

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CFO TO CHAIR AUDIT COMMITTEE OF THE BOARD FOR RIVER REGION UNITED WAY

CFO TO CHAIR AUDIT COMMITTEE OF THE BOARD FOR RIVER REGION UNITED WAY

We would like to honor and congratulate our very own CFO, Ashley Lough, on her new position as Chair of the Audit Committee of the Board for River Region United Way!

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ALDRIDGE, BORDEN & COMPANY NAMES NEW PARTNER

ALDRIDGE, BORDEN & COMPANY NAMES NEW PARTNER

Aldridge, Borden & Company is pleased to announce Principal Amanda Hines, CPA, is promoted to Partner.

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TOP THREE IT SOLUTIONS YOU NEED TO KEEP YOUR SYSTEMS UPDATED AND SECURE

TOP THREE IT SOLUTIONS YOU NEED TO KEEP YOUR SYSTEMS UPDATED AND SECURE

In today’s world, where so many people are working from home, and data threats are continually evolving and threatening your business’s security, it can be challenging to maintain the security and efficiency of your data systems. Now more than ever, it is vitally important to employ the services of information technology (IT) experts.

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