Investment

Understanding the IRS Educational Assistance Program for Employees

Understanding the IRS Educational Assistance Program for Employees

• • Business, Investment, IRS

As an employer, offering educational assistance to your employees is not only a great way to support their professional development but also an opportunity to provide tax-advantaged benefits that benefit both your employees and your business. Under IRS guidelines, employers can offer an Educational Assistance Program (EAP), which allows employees to receive up to $5,250 […]

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Medzam Consulting - Cryptocurrency and Its Tax Implications

Cryptocurrency and Its Tax Implications

• • Investment, IRS, Taxes

Cryptocurrency has become an increasingly popular investment, but with it comes the responsibility of understanding its tax implications. Whether you have bought, sold, or simply traded cryptocurrency, it is essential to understand how the IRS views these transactions and what your reporting requirements are. The IRS treats cryptocurrency as property, not currency. This means that any

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Medzam Consulting - Plan for the Future Understanding Retirement Accounts

Plan for the Future: Understanding Retirement Accounts

• • Investment

Planning for retirement is one of the most important steps you can take toward financial security. Retirement accounts, such as 401(k)s, IRAs, and Roth IRAs, offer significant tax advantages that can help your savings grow over time.  Starting to contribute early—no matter how small the amount—can have a profound impact on your retirement savings due

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