Things to do in Chicago - Part 66
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Leading Tax Accountant Of Chicago, IL, Shares Insight on ETFs
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Retirement is one thing that many people actively wait for and prepare for in some way. Most people have a retirement fund in the form of a 401k or 403b (for non-profits). There is a new concept that many are looking into as an opportunity to diversify their options even further. Jeff Badu is a tax preparation services professional working in Chicago, IL . He is a licensed CPA with the state of Illinois and works with people, businesses and more with their tax information. He also helps people prepare for retirement. A recent blog focused its information on ETFs, exchange-traded funds. Unlike mutual funds that make up the bulk of most 401k and 403b plans, ETFs have the advantage of trading on stock exchanges and throughout the day. Savvy investors can often maximize this opportunity for a safer retirement nest egg. It is important to note there will be taxes collected on ETFs but differently from the way taxes are collected on mutual funds. Badu explained, “capital gains ...
Best CPA in Chicago, IL, Shares Key IRS Adjustments For 2022
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Each year there are new changes within the tax code for a variety of things from business purchases to gifts. It is important that an accountant be well aware of this information. Jeff Badu is the owner and CPA of Badu Tax Services LLC, a tax professional working in Chicago, IL . He is always on the cusp of any changes coming down from the revenue agencies from the federal to the state level. His goal is to help clients meet their tax liabilities and maximize any opportunities for refunds. One of his recent posts on his professional blog was a full discussion about increases in deductions and exclusions on gifts. Badu said, in part, “the deductions have gone up approximately $500.00 depending on how the filer files their taxes. The gift exclusions increased approximately $1,000.00. These may look like small changes, but small changes turn into big money rapidly.” Badu offers bookkeeping and year-round tax preparation services in Chicago, IL . He works with everyone from indi...