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Ten Tips for Tax Withholding on Multiple Income Streams

Money Talk

Young adults working in the gig economy may have income from a variety of consulting contracts or from a full-time job and “side hustles.” A big concern of people with multiple income streams is adequate tax withholding. Nobody want to pay the IRS tax underpayment penalty, which is 0.5% In other instances (e.g.,

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Year-End Tax Moves to Save Money

Money Talk

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. tax-deferred retirement plan contributions and charitable gifting) are already accounted for.

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Looking Ahead to Your 2024 Tax Return

Money Talk

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. The IRS withholding estimator can help make this calculations.

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Cash App Taxes

HR Lineup

While the service is primarily known for its ease of use and convenience, it is important for users to understand the tax implications of using Cash App. This income is typically reported on a 1099 form, which will be provided to you by Cash App if you earn more than $600 in a given tax year.

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We’re Here to Help! How to Navigate Your Top HR Priorities

Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive in and out of the office. Gallagher & Co.,

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Barbservations From Online RMD Webinars

Money Talk

Last year, I noticed a new trend that has continued into 2023: ads on social media about online financial seminars focused on required minimum distributions (RMDs) and income taxes owed in later life. Teaser Tools- Some presenters offered free resources- but only to webinar viewers who made appointments for a consultation.

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Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Best For: HR professionals, benefits administrators, and consultants seeking an in-depth understanding of employee benefits. Best For: Benefits managers, HR professionals, and consultants involved in creating and managing employee benefits plans. Flexible learning format with self-paced courses.

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