Aspire. Ascend. Achieve
09 Aug

Four States File Lawsuit to Nullify New Limit on SALT Deduction

Four States File Lawsuit to Nullify New Limit on SALT Deduction | Spire Group, PC As part of the Tax Cuts and Jobs Act (the Act), the limitation imposed on the state and local tax (SALT) deduction has wreaked havoc in many states. In fact, four states – Connecticut, New Jersey, New York and Maryland […]

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27 Mar

Is Your Side Hustle a Hobby or a Business?

Business or Hobby? Nine Factors That Determine Your Classification The “side hustle” is a term that has been gaining popularity in the last few years, and for good reason; close to 14% of Americans have a side hustle these days. Americans are choosing to take on their side jobs for a variety of reasons. Some […]

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12 Mar

Employer-Owned Life Insurance Benefits May Be Subject to Income Tax

Employer-Owned Life Insurance Benefits May Be Subject to Income Tax | Spire Group, PC As a business owner or employee benefits specialist, you may be aware that the Pension Protection Act was enacted in 2006 to increase oversight of retirement accounts and hold businesses accountable for underfunded accounts. However, what many employers don’t know is […]

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