SECURE Act 2.0

SECURE Act 2.0

Happy New Year to all of Seidel Schroeder’s Clients and Colleagues! May 2023 bless you with health, wealth, and happiness. We would like to catch you up on actions taken by Congress and the President that brought in the new year and may be of interest and benefit to...
Inflation Reduction Act of 2022

Inflation Reduction Act of 2022

Friday, August 12th Congress passed the Inflation Reduction Act of 2022 and President Biden signed into law on August 16th.   The Inflation Reduction Act (hereafter referred to as “Act”) contains several clean energy incentives and tax related provisions.  Below are...
QBO Payroll Tip

QBO Payroll Tip

For those businesses who utilize Intuit’s QuickBooks Online (QBO) Payroll, please be aware Intuit charges ‘per employee’ in your payroll subscription for all active employees. If you have temporary or holiday workers on your payroll, we recommend marking them as ‘Not...
ROTH Conversions

ROTH Conversions

Are you concerned with retirement and the taxation of your retirement funds? Now may be the time to utilize the declined stock market as a tax planning opportunity. As an overview, you can either have a traditional IRA or a Roth IRA. Traditional IRA contributions...
Mileage Rate Update

Mileage Rate Update

In an attempt to help taxpayers and businesses, the IRS announced an increase to the standard mileage rate for business travel from 62.5 to 65.5 cents per mile.  The new rate went into effect on January 1, 2023.  The medical mileage rate will remain the same at 22...