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Final Overtime Exemptions RuleMedium-Sized BusinessOvertimeSmall Business
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Final Overtime Exemptions Rule

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Tax Complications of Selling Mutual FundsInvestmentsTax
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Converting from a C to an S Corporation

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Third Quarter Tax Deadlines for BusinessesTax
July 14, 2021

Third Quarter Tax Deadlines for Businesses

Here are some of the key 2021 third quarter tax deadlines for…
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Verify Business ExpensesTax
June 21, 2021

Best Practices to Verify Business Expenses

If you’re claiming deductions for business meals or auto expenses, expect the…
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Advance Child Tax Credit PaymentsTax
June 14, 2021

Advance Child Tax Credit Payments: Are You Eligible?

Eligible parents will soon begin receiving payments from the federal government. The…
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Minimize net investment income taxTax
June 7, 2021

Reduce the Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed…
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Employees or independent contractorsTax
May 25, 2021

Employees or independent contractors?

Many businesses use independent contractors to help keep their costs down. If…
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manage business energy costsTax
May 17, 2021

Alternative energy to manage business energy costs?

Are you wondering whether alternative energy technologies can help you manage business…
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Tax Obligations for Gig WorkersTax
May 13, 2021

Tax Obligations for Gig Workers

Before the COVID-19 pandemic hit, the number of people engaged in the…
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reasonable compensation for business ownersSmall Business
April 28, 2021

Reasonable Compensation for Business Owners

What is reasonable compensation for corporate business owners? Owners of incorporated businesses…
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Retirement savings optionsSmall Business
April 19, 2021

Retirement Savings Options for Small Business

Are you thinking about setting up a retirement plan for yourself and…
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life insuranceTax
April 15, 2021

Is my life insurance part of my taxable estate?

If you have a life insurance policy, you may want to ensure…
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Current Child Tax Credit RulesTax
April 6, 2021

Improved Child Care Tax Credit Available

The new American Rescue Plan Act (ARPA) provides eligible families with an…
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Work Opportunity Tax CreditTax
March 18, 2021

Work Opportunity Tax Credit through 2025

Are you a business owner thinking about hiring? Be aware that a…
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Flexible spending arrangementsMedical Expenses
December 8, 2020

Employees: A Few Reminders About Flexible Spending Arrangements

Many employees take advantage of the opportunity to save taxes by placing…
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How is the interest you earn on EE bonds taxed?Tax
November 23, 2020

How is the interest you earn on EE bonds taxed?

Many people have Series EE savings bonds that were purchased many years…
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Withdraw Cash from Your Closely Held CorporationUncategorized
November 18, 2020

5 Strategies to Withdraw Cash from Your Closely Held Corporation

Owners of closely held corporations are often interested in easily withdrawing money…
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Tax Concerns of Divorcing Business OwnersTax
November 2, 2020

Four Tax Issues for Divorcing Couples to Understand

When a couple is going through a divorce, taxes are probably not…
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individual liability when filing a joint tax returnTax
October 14, 2020

What is your individual liability when filing a joint tax return?

If you file a joint tax return with your spouse, you should…
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estate planning income taxesTax
October 7, 2020

Estate Planning: Be Sure to Plan for Income Taxes

As a result of the current estate tax exemption amount ($11.58 million…
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Uncategorized
September 14, 2020

Homebuyers: Can you deduct seller-paid points?

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that…
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Tax Breaks for Your Children’s EducationTax
September 14, 2020

Maximize Tax Breaks for Your Children’s Education

Despite the COVID-19 pandemic, students are going back to school this fall,…
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PPP Loan Updates as of July 16, 2020COVID-19
July 16, 2020

PPP Loan Updates as of July 16, 2020

The PPP Loan Program has been extended to August 8, 2020. If you…
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catch-up retirement contributionsCOVID-19
June 29, 2020

Do you qualify for a “coronavirus-related distribution”?

As you may have heard, the Coronavirus Aid, Relief and Economic Security…
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Paycheck Protection Plan LoansCOVID-19
May 5, 2020

Paycheck Protection Plan (“PPP”) Loans: May 4, 2020 Update

Paycheck Protection Plan ("PPP") Loans Update May 4, 2020  **Please read for…
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COVID-19 IRS reliefCOVID-19
April 14, 2020

COVID-19: IRS Announces More Relief and Details

In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on…
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Buying or selling a businessSmall Business
April 3, 2020

PPP Loans are Active as of 9:00 a.m. on April 3

Here is an update on the Paycheck Protection Plan (PPP) loans, including…
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SBA Loans for Small BusinessesSmall Business
April 1, 2020

SBA Loans for Small Businesses Affected by Current Economic Conditions

There are two types of SBA loans available: Emergency loans or Paycheck Protection…
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CARES ActTax
April 1, 2020

Summary of the CARES Act and FAQs

On March 27, 2020 the CARES Act was signed into law by…
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COVID-19) Tax Relief for Small BusinessesTax
March 23, 2020

Coronavirus (COVID-19): Tax Relief for Small Businesses

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately,…
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2020-ira-contributionTax
March 20, 2020

**UPDATE**: The IRS has Moved the April 15 Filing Deadline to July 15 Also

The entire April 15 deadline for individual tax returns has now been…
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April 15 Tax Payment Deadline is Extended to July 15Tax
March 19, 2020

April 15 Tax Payment Deadline is Extended to July 15

The IRS has extended the April 15 tax payment deadline to July…
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child tax creditsTax
March 9, 2020

Child Tax Credits May Help with the High Cost of Raising Children

If you’re a parent, or if you’re planning on having children, you…
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File Tax Returns Jointly or SeparatelyTax
March 9, 2020

Married Couples: File Tax Returns Jointly or Separately?

Married couples often wonder whether they should file tax returns jointly or…
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reduce your tax bill by using an S corporationTax
February 24, 2020

Reduce Tax by Using an S Corporation

Do you conduct your business as a sole proprietorship or as a…
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launching a small businessTax
February 24, 2020

9 Tax Rules and Considerations for Launching a Small Business

Many people who launch small businesses start out as sole proprietors. Here…
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selling mutual fund sharesTax
February 11, 2020

Tax Rules Involved in Selling Mutual Fund Shares can be Complex

Perhaps you’re an investor in mutual funds or you’re interested in putting…
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reduce your tax billTax
February 11, 2020

Are you qualified to reduce your tax bill with IRAs?

If you’re getting ready to file your 2019 tax return, and your…
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Tax Effects of Charitable DonationsTax
January 23, 2020

Are charitable gifts deductible on my tax return?

Many taxpayers make charitable gifts — because they’re generous and they want…
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catch-up retirement contributionsTax
January 16, 2020

Saving for Retirement? Four New Law Changes That May Affect You

If you are saving for retirement with an IRA or other plan,…
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home office expenses tax deductibleTax
December 31, 2019

Are my home office expenses tax deductible?

Technology has made it easier to work from home so lots of…
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Taxes Related to a Company CarTax
December 23, 2019

What Are the Tax Obligations of Gig Workers?

The number of people engaged in the “gig” or sharing economy has…
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2023-limits-for-health-savings-accountsTax
December 10, 2019

Can I Get a Tax Break for Medical Expenses?

As we all know, medical services and prescription drugs are expensive. You…
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100% payroll tax penaltyMedical Expenses
November 21, 2019

Avoid the 100% Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll.…
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estate planning income taxesTax
November 6, 2019

Qualified Charitable Distributions Can Be a Smart Tax Move

Are you charitably minded and have a significant amount of money in…
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selling securities by year endTax
November 6, 2019

Selling Securities by Year End? Beware of Wash Sale Rule

If you’re planning on selling securities by year end at a loss…
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Cost segregation studyTax
October 23, 2019

Is a Cost Segregation Study Right for Your Business?

Is your business depreciating over a 30-year period the entire cost of…
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EE Savings BondsTax
October 17, 2019

Own EE Savings Bonds? When is Tax Due?

You may have Series EE savings bonds that were bought many years…
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Tax Breaks for Your Children’s EducationTax
October 9, 2019

Which College Tax Credits Are Right for You?

We all know the cost of college is expensive. The latest figures…
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Beware of Tax ScamsTax
October 9, 2019

Be Alert for Tax Scams

“Thousands of people have lost millions of dollars and their personal information…
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business website costsTax
September 23, 2019

Determining Business Website Costs for Tax Purposes is Complex

These days, most businesses need a website to remain competitive. It’s an…
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educator expense deductionTax
September 16, 2019

Teachers: Which Expenses Can You Deduct on Your Tax Return?

Teachers often pay for various expenses for which they don’t receive reimbursement.…
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set up sep 2019Tax
September 11, 2019

Carefully Plan for Withdrawals from Your Traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large…
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keep financial recordsUncategorized
August 20, 2019

How Long Should I Keep Financial Records?

You can keep financial records in any manner that works best for…
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How the Kiddie Tax Affects ChildrenTax
August 7, 2019

The “Kiddie Tax” Hurts Families More Than Ever

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and…
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Tax-saving strategiesTax
August 7, 2019

Review Your Investments for Tax-Saving Strategies

You may have heard about a proposal in Washington to cut the…
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Day camp tax creditTax
July 8, 2019

Is My Child’s Day Camp Eligible for a Tax Credit?

Now that most schools are out for the summer, you might be…
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How Social Security Tax is CalculatedTax
July 8, 2019

Will There Be a Tax on My Social Security Benefits?

During your working days, you pay Social Security tax in the form…
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entity choice for businessTax
June 26, 2019

What is the ideal entity choice for your business?

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for…
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tax deadlines for businessesTax
June 19, 2019

Third Quarter Tax Deadlines for Businesses and Other Employers

Here are some of the key third quarter tax deadlines affecting businesses…
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100% payroll tax penaltyTax
June 19, 2019

Employers: Payroll Tax Penalties Can Be Assessed Personally to You

If federal income tax and employment taxes (including Social Security) are withheld…
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Save Taxes with Qualified Charitable DistributionsTax
June 17, 2019

The Truth About Vehicle Donations to Charity

You’ve probably seen or heard ads urging vehicle donations to charity. “Make a difference…
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retiring to another stateTax
June 4, 2019

Retiring to Another State? Don’t Forget about Taxes

When you retire, you may consider retiring to another state — say,…
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Adjust WithholdingTax
June 4, 2019

Do You Need to Adjust Your Withholding?

Due to the massive changes in the Tax Cuts and Jobs Act…
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Business Expenses You Can’t Write-OffTax
May 14, 2019

Business Expense Deductions Can Be Complicated

If you read the Internal Revenue Code (and you probably don’t want…
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Employee vs. independent contractorTax
May 14, 2019

Employee vs. Independent Contractor: Correct Classification is Critical

Many employers prefer to classify workers as independent contractors to lower costs,…
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Electric vehicle tax creditTax
May 1, 2019

Electric Vehicles May Quality for Tax Credit

While the number of plug-in electric vehicles (EVs) is still small compared…
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Medicare premiumsTax
April 10, 2019

Seniors: Medicare Premiums Could Lower Your Tax Bill

Americans who are 65 and older qualify for basic Medicare insurance, and…
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dependent tax creditTax
April 2, 2019

Dependent Tax Credit: Are You Eligible?

If you’re the parent of a child who is age 17 to…
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leasing vs. buyingTax
March 19, 2019

Leasing vs. Buying: Which is More Tax Efficient for Your Business?

Recent changes to federal tax law and accounting rules could affect your…
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Incentive Stock Options Call for Careful Tax PlanningTax
March 14, 2019

Incentive Stock Options Call for Careful Tax Planning

Incentive stock options (ISOs) are a popular form of compensation for executives…
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2024 Tax Brackets and Federal Income Tax RatesTax
March 2, 2019

Self-Employment Tax: Are LLC Members Liable?

Limited liability company (LLC) members commonly claim that their distributive shares of…
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tax breaks on business real estateTax
February 18, 2019

Tax Breaks on Business Real Estate

Commercial buildings and improvements generally are depreciated over 39 years, which essentially…
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investment interest deductionTax
February 13, 2019

3 Hurdles to Benefiting from the Investment Interest Deduction

As you likely know by now, the Tax Cuts and Jobs Act…
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2024 Standard Mileage RateUncategorized
January 21, 2019

Standard Mileage Rate for Business Miles Increases to $.58 per Mile

This year, the optional standard mileage rate used to calculate the deductible…
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tax deadlines for businessesUncategorized
December 17, 2018

Q1 Tax-related Deadlines for Businesses

Here are some of the key tax-related deadlines affecting businesses and other…
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