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Caring for an elderly relative? You may be eligible for tax breaks

Caring for an elderly relative? You may be eligible for tax breaks

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a rundown of some of them. 1. Medical expenses. If the individual qualifies as your “medical dependent,” and you...

Inflation enhances the 2023 amounts for Health Savings Accounts

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA basics An HSA is a trust created...

Businesses: Prepare for the lower 1099-K filing threshold

Businesses: Prepare for the lower 1099-K filing threshold

Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported. Beginning this year, the threshold has dropped significantly for the filing of...

After tax day: Take these action steps

After tax day: Take these action steps

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are three tax-related actions that you should consider taking in the near term (if you filed on time and didn’t file for an extension)....

Have you ever wondered what it’s like working in a CPA firm?

Have you ever wondered what it’s like working in a CPA firm?

How about coming to work for an accounting firm right in the middle of tax season without having worked in the public accounting world before? Like lots of people, the pandemic caused Gi Feather to re-evaluate what she was doing. For her, that involved a move back to...

Want to turn a hobby into a business? Watch out for the tax rules

Want to turn a hobby into a business? Watch out for the tax rules

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is profitable. But what if the new enterprise consistently generates losses (your deductions exceed income) and you claim them on...

Shawn Parikh – An Entrepreneur in Two Countries

Shawn Parikh – An Entrepreneur in Two Countries

Episode Transcription 00:00:00 - Glenn Harper Hello everybody. Welcome to another podcast of Empowering Entrepreneurs, The Harper Company Way. I'm Glenn Harper. 00:00:05 - Julie Smith And Julie Smith. 00:00:06 - Glenn Harper Well, welcome. And we've got a special...

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