by Stephen Griffin | Apr 28, 2023 | Tax Accounting
Social Security is an important benefit for Americans—and yet, many do not fully understand the strategy that goes into managing Social Security income. The Harris Poll and the Nationwide Retirement Institute recently found that only 54% of Americans who are not...
by Stephen Griffin | Jul 25, 2022 | Accounting for Business, Accounting for State Retirement Systems, Tax Accounting
What Is “Full Retirement Age”? “Full retirement age” was established at 65 years of age in the Social Security Act of 1935, but since 1935, our life expectancies have improved, the Social Security program has evolved, and “full retirement age” is now different for...
by Stephen Griffin | Jan 17, 2022 | Tax Accounting
Take Advantage of Health Savings Accounts for Retirement Savings A health savings account (HSA) is a specialized savings account to help save and pay for medical expenses for someone who has a high-deductible health plan, but with some thoughtful planning, an HSA can...
by Griffin & Furman | Dec 15, 2021 | Tax Accounting
Income Tax Prep Checklist View checklist image Income Tax Prep Checklist Documentation to prepare personal income tax returns PROOF OF INCOME WAGES EARNED (W-2 DOCUMENTS) INDEPENDENT CONTRACTOR WAGES EARNED INVESTMENTS (INCLUDING DIVIDENDS) CREDIT UNION & BANK...
by Jessica Benjamin, Racheal Alvey | Nov 4, 2021 | Accounting for Business, Accounting for Credit Unions, Accounting for Small Business, Tax Accounting
October 2021: Current Tax & Accounting Information The latest tax and accounting news and information for personal taxpayers, businesses, and credit unions. Tax & Accounting News IRS announces tax relief for victims of Hurricane Ida in Louisiana “Victims of...
by Stephen Griffin | Oct 8, 2021 | Tax Accounting
Roth IRA Basics to Get You Started A Roth IRA (Individual Retirement Plan) is an investment account designed for retirement savings. Benefits of a Roth IRA The primary benefit of a Roth IRA over a traditional IRA is that you pay taxes when you deposit money you put...
