O'Brien, Riley, and Ryan, P.C.

Did you know that giving achievement awards to your employees can be tax-deductible? ?? By recognizing length of service or workplace safety, you can reward your team and enjoy tax benefits. Just remember, the awards must be tangible, like a plaque or a trophy—not gift cards or vacations. https://lnkd.in/eMGBkhQH Interested in learning how to structure an awards program for your business? Let’s connect! #EmployeeRecognition #TaxTips #BusinessAdvice

We get it. You're ready to move. But have you consider the tax you might have to pay on your appreciated home? It might make sense to sit tight. Here's why. https://lnkd.in/eG8C_jt8 #HomeSales #HomeSalesTax #AppreciatedHomeValue

Worried about check fraud??? One of the easiest ways to prevent it is to stop using paper checks altogether. Switching to ACH payments or other electronic forms can significantly reduce your risk. https://lnkd.in/eeccasdA Looking to strengthen your fraud prevention measures? We can help you transition to safer payment methods. Reach out today! #GoDigital #CheckFraudPrevention #InternalControls

My company is being audited, but I want to prepare correctly. Is there a guide I can use? Yes! Your business can use the same guides to gain insight into what the IRS is looking for in terms of compliance with tax laws and regulations. We've linked to a few in this post and link to the overall list. https://lnkd.in/dk_-88pm Contact our team for guidance if you have questions about a pending audit.

Did you know that strategic Medicare planning could help lower your taxes? Explore how making smart healthcare decisions can lead to significant tax savings. https://lnkd.in/eMx5tJTg #TaxTips #MedicarePlanning #TaxSavings

Did you know that the cost of employer-paid group term life insurance over $50,000 is taxable? If you’re seeing an amount in Box 12 of your W-2, with code “C,” you may be paying taxes on "phantom income" for coverage you don’t directly benefit from. https://lnkd.in/esUhXtet Is this tax cost too high for you? We can help you explore options to reduce it. Let’s talk! #LifeInsurance #TaxTips #EmployeeBenefits

Before selling your home, think about the tax implications. ?? Proper planning could help you avoid a hefty tax bill. https://lnkd.in/efMbFgxV Reach out to our tax advisors to ensure you’re making the best financial decisions. #RealEstate #TaxSavings #TaxPlanning

Did you know that a Qualified Charitable Distribution (QCD) from your IRA can help reduce your taxable income? If you're eligible, you can donate up to $100,000 (or $200,000 if you're married and filing jointly) directly to an IRS-approved charity without it counting as taxable income. Make sure your QCD is processed correctly by working with your IRA custodian. Contact us today to learn more. https://lnkd.in/eR6uz3bi #TaxStrategy #TaxTips #YearEndTaxPlanning

Know Your Non-Deductible Business Expenses Before Year-End While many business expenses are deductible, some aren't. But which costs do you need to be cautious about? Explore the answer here. https://lnkd.in/gc6gCZWa #TaxCompliance #BusinessExpenses #BusinessDeductions

The window for year-end tax moves is closing soon! As 2024 wraps up, it’s time to leverage key tax strategies to maximize savings. Consider deferring income and accelerating deductions to reduce taxable income or invest in assets to take advantage of Section 179. https://lnkd.in/e4sNKK4u Need tailored advice? Let's talk about optimizing your year-end planning. #TaxPlanning #BusinessGrowth #YearEndTaxTips