Bookkeeping

Solved: Can I deduct the money listed on my W2 as less other cafe 125?

Together with group health insurance, a POP reduces taxable income and results in a reduction in the amount used to determine your company’s FICA and FUTA payroll taxes and any applicable state taxes. An FSA allows employees to pay for qualified out-of-pocket medical expenses on a pre-tax basis. If the FSA is the only benefit …

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The Best HOA Accounting Methods HOA Bookkeeping Tips

From this analysis, the board, working with a management company, can determine the budgetary dollar-amount required to be set aside each year. An HOA reserve study is an in-depth analysis of the physical condition of your associations’ capital components. It serves as an appraisal of the financial health of the HOA’s reserve funds. Get a …

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