Our Financial Blog

 

2023 Tax Brackets Explained

Now that we are into "tax season", I was thinking: "Maybe someone out there would be interested in an explanation of how the IRS Tax Brackets actually work"?!?  First, "Tax Rates" did not change for 2023.  The "Tax Brackets" increased due to "Bidenomics" Inflation,...

This-N-That

A few points from the January 5, 2024, issue of the Kiplinger Tax Letter, concerning Retirement, included in the SECURE ACT 2.0: Provides for penalty-free withdrawals of up to $10,000 for domestic abuse victims and $1,000 for emergencies, from IRA's & 401(k)'s,...

TNT Construction

We have been using Bob Lockwood, with Essential Accounting, ever since the inception of our business over 15 years ago. We have been very impressed with the service we have received. Bob is very knowledgeable and is always willing and able to answer all questions that...

Classic Canvas

I found Bob online with his website, moving my business from a CPA that treated me just like another number. Turns out, Bob took a devout interest in me and my business from the first day. Frankly, I do not believe I ever made a better change in my business than...

Additional REsources

A Few Other Resources We’ve Created for Our Customers

2023 Tax Brackets Explained

Now that we are into "tax season", I was thinking: "Maybe someone out there would be interested in an explanation of how the IRS Tax Brackets actually work"?!?  First, "Tax Rates" did not change for 2023.  The "Tax Brackets" increased due to "Bidenomics" Inflation,...

This-N-That

A few points from the January 5, 2024, issue of the Kiplinger Tax Letter, concerning Retirement, included in the SECURE ACT 2.0: Provides for penalty-free withdrawals of up to $10,000 for domestic abuse victims and $1,000 for emergencies, from IRA's & 401(k)'s,...

TNT Construction

We have been using Bob Lockwood, with Essential Accounting, ever since the inception of our business over 15 years ago. We have been very impressed with the service we have received. Bob is very knowledgeable and is always willing and able to answer all questions that...