2024 Flexible Spending Arrangement Contribution Limit Rises by $150

This article was published by the IRS. During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA. For 2024, there is a $150 increase to the contribution limit for [...]

How to Opt in and Contribute to Paid Family and Medical Leave as a Self-Employed Individual

This video tutorial will show you how to opt in and choose to participate in the Paid Family and Medical Leave program, and make contributions as a self-employed individual in MassTax Connect. Please note that you must first submit the self-employed notice of election found on the Paid Family and Medical Leave coverage for self-employed individuals [...]

Small Business Tax Workshop

The IRS Small Business Tax Workshop is a series of online training videos covering tax topics for new and established small business owners. The first four topics in the workshop cover federal taxes, Schedule C, filing/paying taxes electronically, and the business use of your home - no matter the type of business you have, or if [...]

QuickBooks Presents: The New Business Dilemma

As a new small business owner, you quickly realize that there’s a big difference between running your own business and running a business on your own. That’s where QuickBooks comes in, providing you with the tools you’ll need to confidently manage your business from day one. New business? No problem.

January 31 Wage Statement Deadline Reminder for Employers

This article was published by the IRS. The Internal Revenue Service is urging employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. A 2015 law made it a permanent requirement that employers file copies [...]

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