In general, an IRA contribution is allowed only if a taxpayer has compensation. However, an exception involves a “spousal” IRA. It allows a contribution to be made for a nonworking spouse.
You can still make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and claim the write-off on your 2019 return.
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).
One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams.
Many companies struggle to close the books at the end of the month. Fortunately, there are five simple ways to make your monthly closing process more efficient.
