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Preparing for Your Tax Preparer

Money Talk

With income tax season well underway, many people are getting ready to see a tax preparer to get their 2023 income tax return prepared and filed before April 15, 2024. Some may have a long-standing tax pro while others are selecting a tax preparer for the first time. About half of U.S. About half of U.S.

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Year-End Tax Moves to Save Money

Money Talk

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. tax-deferred retirement plan contributions and charitable gifting) are already accounted for.

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Mid-Year Financial Tweaks and Tasks

Money Talk

Below are ten mid-year financial tweaks and tasks: Tax-Deferred Savings Tweak - Perhaps you will get a raise on July 1. Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. The 2023 maximum pre-tax contribution is $3,050.

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Tribunal rules Starling Bank must pay £1.1m following health-related dismissal

Employee Benefits

Credit: rafapress / Shutterstock.com A former solicitor employed by Starling Bank has been awarded £1.1 Representing herself, Raja claimed that she was unfairly dismissed and treated because Starling did not investigate her allegations of discrimination, and that she was victimised by the bank.

Banking 104
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Forensic Accounting: Barbservations and Recommendations

Money Talk

Tools that I used included bank statements, a checkbook register, and tax records (e.g., Prior year tax returns also provided useful information. It took me two full days to hunt down documents related to my brother’s assets and debts and calculate an estimated net worth. 1099-R form for IRA withdrawal). Sadly, there was not.

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Bank failures and payroll — what employers should know

Business Management Daily

When Silicon Valley Bank in California and the Signature Bank in New York failed last week, employers with accounts at those banks began to fret they wouldn’t be able to pay employees. Before the FDIC acted on Monday, they had good reason to—bank accounts are insured for up to $250,000. Thankfully, we’ll never know.

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Ten Upsides of Inflation

Money Talk

Marginal Tax Brackets - Income ranges in the seven marginal tax brackets ranging from 10% to 37% are inflation-based. When bracket incomes rise, people may be taxed at lower tax rates. Standard Deduction - The amount of income taxpayers can shelter from income taxes rises with inflation (e.g., 25,900 in 2022).

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