JAG Physical Therapy’s Post

Turn family time into a tax-saving opportunity! Strategy: Hire your spouse or children in your family business. Their wages are tax-deductible, and you can benefit from lower tax brackets. Action: Ensure the job and wages are reasonable for the work performed, and keep proper records.

Are you a #Maryland employer who offers your employees prorated subsidies for their telework costs? Organizations that subsidize telework-related costs like hardware, software, or even co-working space memberships, may be eligible to claim back 50% through the Maryland Commuter Tax Credit. Learn more at https://lnkd.in/eeg2dbkt   #FinancialAssistance #Telework #Employees #Benefits #TaxCredit #HumanResources

October is a good month to claim tax back for rent, health, nursing home & remote working expenses paid in 2024. So do it now and get almost 90% of any tax refund due in your next pay cheque, and the balance in each other pay cheque for the rest of this year. See link in comments. #taxback #taxrefund #taxrebate #renttaxcredit #healthexpenses #medicalexpenses #nursinghomeexpenses

What happens if I exceed the $27,500 super cap? How does it affect my Carry Forward Concessional Super Cap? #Superannuation #ConcessionalContributions #ATO #TaxationRules Hey everyone! 💬 I recently found myself in a bit of a pickle and could really use some advice. 🤔 What happens if I go over the $27,500 super cap for concessional contributions? Here's my situation: - I maxed out my $27,500 cap with salary sacrificing, but then earned an extra $2,000 on a work project. - Now my contributions are a... Source: https://lnkd.in/gemF6-9a #mymetric360

💡 Understanding super contributions: What's the difference between concessional and non-concessional? - Concessional contributions include employer contributions, salary sacrifice, and personal contributions claimed as a tax deduction—these are taxed at a rate of only 15%. - Non-concessional contributions are made from after-tax income and aren't taxed upon being contributed to a super. While concessional contributions offer tax advantages upfront, non-concessional contributions can help you boost your super without immediate tax benefits. It's essential to weigh the pros and cons to make informed decisions about your super strategy! 💼💰 If you have questions or need help contact me on 📞0402 426 935 📧 stewart@distinctwealth.com.au #SuperContributions #FinancialLiteracy #TaxAdvantages

Have you received your self-employeed tax credit from 2020 and 2021 yet? The 2020 credit is about to expire on April 15! So hurry and Apply. LLC, Sole Prop, 1099’s, gig workers all apply. Not S corp or C corp. The max return is $32,000 Even if you made more money. Plus, you don’t have to repay it and, it’s not taxable. If you're looking for a good tax break, read on. This is the IRS refunding money to those whose work schedule was impaired during the Covid times. NOT for C-Corp or Sub S. It’s my goal to educate you as the deadline to apply is upon us. And it’s not the ERC. Watch this 2 1/2-minute Video and learn all the details. Or reach out to me for more details. 970-618-6003

Nebraska's LB1023 aims to attract new residents, support remote workers, and provide economic incentives for companies to invest and create jobs in the state. This blog highlights the important changes business owners need to know. https://hubs.li/Q02zl7D70

For self-employed tax advisors, the allure of setting your own hours and being your own boss is strong. But have you considered the advantages of going back into employment? Think about it - consistent income, company benefits, pension contributions, holidays, sick pay and not to mention, the camaraderie of working with a team. I'm not just talking about any job, but opportunities that match your unique skill set and offer room for growth. At Wolf Jansen, we specialise in placing top tax talent in roles where they can thrive. Are the freedoms of self-employment worth the lost benefits? Let's discuss. Comment below with your thoughts and experiences. #TaxAdvisor #EmploymentBenefits #CareerGrowth

Does your business provide a qualified child care facility for employees' dependents? If so, you may be eligible for a valuable tax credit that, when combined with the business expense deduction and a qualified dependent care assistance program, can significantly lower your tax bill. This break also provides a welcome perk for working parents on your payroll. #childcarecredit #taxplanning #taxcredit https://lnkd.in/gu2nb6_a

The changes announced by the budget will have wide ranging impacts for international families. Some may need to give some thought to their future in a number of different ways. #internationlaw #internationalfamilies #privateclient #wealthmanagement https://lnkd.in/exuazmmq