May 6, 2022

May 2022 Newsletter

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Here are your Articles for May 6, 2022.
  Duffy Kruspodin, LLP’s News

How taxpayers can check the status of their federal tax refund

Once a taxpayer files their tax return, they want to know when they’ll receive their refund. The most convenient way to check on a tax refund is by using the Where’s My Refund? tool on IRS.gov. Taxpayers can start checking their refund status within 24 hours after the IRS acknowledges receipt of the taxpayer’s e-filed return. The tool also provides a personalized refund date after the return is processed and a refund is approved.

Full Article

Why it may take longer than 21 days for some taxpayers to receive their federal refund

The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. The IRS works hard to get refunds to taxpayers quickly, but taxpayers shouldn’t rely on getting a refund by a certain date.

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  Timely Opportunities
Hiring Workers This Summer and BeyondIs your small business now hiring? Whether you’re looking for permanent employees or just temporary help to fill gaps in the summer workload, finding qualified workers can be challenging in today’s tight labor market. Here are seven tips to help attract and retain skilled workers, including employees and interns, along with information about a tax break for hiring workers from certain targeted groups.Full Article

Factoring ESG and Other Nonfinancial Goals into Your Variable-Pay PolicyMany companies incorporate financial performance criteria into their annual bonus programs, particularly for top managers and executives. But today, there’s pressure to add nonfinancial criteria — including environmental, social and governance (ESG) metrics — to those formulas. Here are some ways to introduce nonfinancial criteria to the mix and possibly avoid a bad outcome.

Full Article

  Commercial/ Rental Real Estate
Tax Breaks for Becoming a LandlordAre you a new landlord or thinking about becoming one? There are many things to consider such as buying the right rental property, dealing with tenants and maintaining the premises. When investigating the possibilities, don’t forget about taxes. Uncle Sam provides a number of tax breaks to landlords. Take a look at some of those available.Full Article
  Personal Tax
Maximize Social Security Benefits When You RetireDo you want to retire before reaching your full Social Security retirement age and work part-time? If so, you need to read this article so you can start planning to preserve your Social Security benefits. We’ll explain the rules involving how much you can earn and still qualify for full Social Security benefits, along with when you will reach “full retirement age” in the eyes of the federal government.Full Article
  Estate Planning
Planning for Special Needs ChildrenIt’s been said that the best inheritance we can give our children is a few minutes of our time every day. It’s also true, though, that our children won’t always have us in their lives. Children with special needs may require lifetime assistance, which can necessitate that parents prepare for their child’s care after they’re gone, or are unable to care for the children any longer.Full Article
  Saved Articles

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