tax benefits | Connolly Steele

ConnollySteele

Nov 9, 20223 min read

Adopting a child? Bring home a tax break too

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit...

ConnollySteele

Nov 7, 20222 min read

2023 limits for businesses that have HSAs — or want to establish them

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these...

ConnollySteele

Sep 27, 20223 min read

Year-end tax planning ideas for individuals

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the...

ConnollySteele

Jul 20, 20223 min read

The kiddie tax: Does it affect your family?

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income...

ConnollySteele

Apr 6, 20222 min read

Fully deduct business meals this year

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...

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