Looking For a Longer-Term Savings Plan?

Series I Bonds Could Be The Right Choice A savings or money market deposit account is best for quick cash, but I Bonds can fit into a longer-term savings plan. With interest rates on most savings accounts and certificates of deposit paying under 1%, the 7.12% composite rate on newly issued Series I savings bonds […]

Charitable Contribution Deduction for 2021

The Internal Revenue Service has a special tax provision regarding charitable contributions that allows the maximum (up to $600) for married individuals filing joint returns. Individual tax filers, including married individuals filing separate returns can easily deduct up to $300 for cash contributions made to qualifying charities during 2021. Individuals who choose to take the […]

IRA Contribution Limits for 2022

For 2022, the annual contribution limit for SIMPLE IRAs is $14,000, up from $13,500 in 2021. Workers age 50 or older can make additional catch-up contributions of $3,000, for a total of $17,000. By comparison, workers younger than 50 can salt away as much as $20,500 in a traditional 401(k) for 2022, plus another $6,500 if they’re […]

Quick Tips to Prepare for Tax Season

Can you believe that we are closing in on the end of another year? You know what that means — it’s time to start preparing your 2021 taxes.

  Can you believe that we are closing in on the end of another year? You know what that means — it’s time to start preparing your 2021 taxes. Get a head start by reviewing the following changes and updates you can expect to see this year. Retirement Plans One big thing to note is […]

Qualified Charitable Distributions

Qualified Charitable Distributions

QCD 101: What Is It & How Can It Benefit Me?   A QCD, or qualified charitable distribution, is an option where these withdrawal funds can be used to make a nontaxable direct donation from your IRA to a qualifying charitable organization. With the ability to give up to $100,000 annually, a QCD can provide a […]

What is The Employee Retention Credit and How Am I Eligible?

What is the Employee Retention Credit and How am I Eligible?

The pandemic has been hard on everyone, but there is good news. As an employer, if you were able to retain employees during COVID-19, the employee retention credit of the American Rescue Plan has been extended.  The Employee Retention Credit (ERTC) is a refundable credit businesses can claim on qualified wages, including specific health insurance […]

Let’s Talk About the Future of Your Organization

Let's Talk About the Future of Your Organization

You’ve put your blood, sweat and tears into creating your company, and you don’t want anything to happen to it in the event you’re no longer around to oversee the day-to-day operations. That’s why it’s essential to take the proper steps to protect it. This is called succession planning. It’s the process of identifying critical […]

Focus on Your Business. We Focus on Your Books.

Focus on Your Business. We Focus on Your Books

As a business owner, you are well aware of the multiple hats you need to wear and the complexities of making sure everything is running smoothly. The last thing you want to do is bookkeeping. At PPL, one of our most popular services is our Back Office Bookkeeping service. We take care of your books […]