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2023 limits for businesses that have HSAs — or want to establish them

2023 limits for businesses that have HSAs — or want to establish them

by Donald Bicking Jr. CPA, CTC | Nov 7, 2022 | Small Business

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way...
How inflation will affect your 2022 and 2023 tax bills

How inflation will affect your 2022 and 2023 tax bills

by Diogo P. Azevedo | Nov 3, 2022 | Individual

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s...
Inflation means you and your employees can save more for retirement in 2023

Inflation means you and your employees can save more for retirement in 2023

by Richard Hall | Nov 1, 2022 | Small Business, Uncategorized

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement...

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  • 2023 limits for businesses that have HSAs — or want to establish them
  • How inflation will affect your 2022 and 2023 tax bills
  • Inflation means you and your employees can save more for retirement in 2023
  • Tax and other financial consequences of tax-free bonds
  • What local transportation costs can your business deduct?

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