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Financial Resources for Everyone during Coronavirus Pandemic

By |2020-03-28T10:18:03-04:00March 26th, 2020|Coronavirus, Corporate Income Tax, Employees, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Penalties and Interest, Retirement, Tax Payments|

At AFSG, we know that the novel coronavirus (COVID-19) has not spared anyone. Individuals, families, small businesses, gig-workers, sole-proprietors, employers... Everyone has been impacted by this pandemic. Finding the most current information has been tough. We will try to keep this webpage as up to date as possible with FACTS, [...]

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2014 Tax Planning for Individuals

By |2014-11-10T17:28:30-05:00November 10th, 2014|Health Care Reform, Individual Income Tax, Retirement|

2014 Tax Planning for Individuals  Source: KaneCPAs.com  Traditional year-end planning techniques remain important for 2014. As always, tax planning requires a combination of multi-layered strategies, taking into account a variety of possible scenarios and outcomes.  These income deferral/exclusion and deduction/credit acceleration techniques may be used to reduce your income tax [...]

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

By |2012-12-13T12:43:11-05:00December 13th, 2012|401(k) & 403(b), Employees, Individual Income Tax, Retirement, Traditional IRA|

Source: IRS.gov WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and [...]