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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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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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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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FROM GROCERIES TO GARMENTS – WHAT CPAS DO FOR RETAIL

FROM GROCERIES TO GARMENTS – WHAT CPAS DO FOR RETAIL

RETAIL BUSINESS ACCOUNTING Your retail business is a complex entity offering a myriad of products and services. Beyond keeping track of inventory, payroll, loss management, and profits, there’s always the current tax season to consider too.

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CLOUD ACCOUNTING: IS IT RIGHT FOR YOUR SMALL BUSINESS OR NOT-FOR-PROFIT?

CLOUD ACCOUNTING: IS IT RIGHT FOR YOUR SMALL BUSINESS OR NOT-FOR-PROFIT?

Until now, your small business has gotten by with delinquent financial data, weak internal controls, and staff turnover. You can afford an accounting and reporting platform for payroll applications, processing purchases and disbursements, handling credit cards and expense reports, and financial reporting that integrate with your bank accounts. Save valuable time from the administrative burdens of cutting checks, keeping up with journal entries on a spreadsheet, and using a desktop payroll solution.

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CONSIDER THE FINER POINTS OF ROTH 401(K) CONTRIBUTIONS

CONSIDER THE FINER POINTS OF ROTH 401(K) CONTRIBUTIONS

Many people are familiar with Roth IRAs. These popular retirement accounts feature tax-free withdrawals as long as certain conditions are met. But did you know that employers can offer designated Roth contributions as part of the 401(k) plans they sponsor for employees?

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HOW NEW ALABAMA OVERTIME PAY EXEMPTION AFFECTS EMPLOYER REPORTING

HOW NEW ALABAMA OVERTIME PAY EXEMPTION AFFECTS EMPLOYER REPORTING

You may have already read our blog on the Alabama Overtime Pay Exemption. If you haven’t had the chance to read it, visit the link here.

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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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ALDRIDGE, BORDEN & COMPANY NAMES NEW PARTNER

Aldridge, Borden & Company is pleased to announce the promotion of Principal Joe Mills, CPA, to Partner.

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