February 2023 | Fast Forward Accounting Solutions

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Seven Questions To Ask Your Accountant Before You File Your Taxes

February 27, 2023

With tax deadline day only weeks away, Americans are working away at their IRS returns and facing all the usual difficulties. As with any learning experience, a good way to gain insider knowledge of taxes and filing is to ask a trusted accountant or other tax specialists. Before filing taxes and risking negative outcomes, you can get ahead of the problem by asking a professional some critical questions.

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How Young Retirees Sidestep Early 401(k) Withdrawal Penalties

February 20, 2023

By migrating some or all of your retirement funds into a Roth IRA, you can access your money sooner. By using conversion ladders, money can be accessed penalty-free before the traditional withdrawal age of 59 1/2.

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3 IRS Deductions You Can’t Take This Year, Experts Warn

February 13, 2023

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE

New Wage Growth Will Influence Fed’s Interest Rate Decisions

February 6, 2023

On Tuesday, Jan. 31st, the Bureau of Labor Statistics released the monthly employment cost index summary. Although employment cost growth is slowing, it’s likely not doing so fast enough for the Fed. CLICK ON THE HEADLINE FOR MORE

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