Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones
The holiday season is a time of giving, and while the joy of gifting is often its own reward, there are ways to make your generosity even...
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Oct 255 min read
Don't Leave Money on the Table: Essential Tax Credits You Might Be Missing
Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...
Jun 146 min read
Sec 529 College Savings Plan Features and Tax Benefits
A common question parents have is, “How might I save for a child’s post-secondary education in a tax-beneficial way?” The answer depends...
May 36 min read
Claiming Tax Benefits for Childcare Expenses
Many parents who work or are actively looking for work must arrange for care of their children after the school day ends, on weekends...
Apr 65 min read
Deductions and Credits - A Primer
You can use credits and deductions to help lower your tax bill or increase your refund. Deductions can reduce the amount of taxable...
Nov 27, 202310 min read
Taxes and Holiday Gift Giving
The holiday season is customarily a time of giving gifts, whether to your favorite charity, family members or others. Some gifts have tax...
Oct 25, 20232 min read
Tax planning before Thanksgiving
Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your...
Sep 29, 20233 min read
How Does Education Impact Your Taxes?
The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college...
Sep 27, 20234 min read
Research Credit Doubled by the Inflation Reduction Act
The Inflation Reduction Act that President Biden signed into law in August of 2022, has a provision that could benefit many small...
Sep 22, 20236 min read
IRS Orders Immediate Stop to New Employee Retention Credit Processing
Despite warnings from the IRS, AICPA, and other professional tax organizations many business owners are being misled into filing for the...
Sep 29, 20224 min read
Tax and Personal Finance Tips for New Parents
Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s...
Sep 16, 20223 min read
Home Energy Improvement Credit Is Enhanced
Going all the way back to 2006, except for 2008, the federal tax code has offered a tax credit for making energy-saving improvements to a...
Sep 15, 20224 min read
Electric Vehicle Credit Undergoes Major Overhaul
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although...
Sep 7, 20227 min read
How to maximize business deductions
As a small business owner, you should always be on the lookout for legitimate ways to minimize your taxes. Waiting for year-end to do...
Aug 30, 20228 min read
What Does The Inflation Reduction Act Mean To You?
President Biden signed into law the Inflation Reduction Act (IRA) of 2022 which is a scaled-back version of the prior Biden...
Jul 28, 20224 min read
Sun Setting on Home Solar Power Tax Credits
If you have been considering installing a solar electric system on your home and taking advantage of the lucrative federal tax credit,...
Jul 21, 20225 min read
Small Businesses Can Benefit from the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS)...
Jan 13, 20223 min read
Advance CTC and EIP Must Be Reconciled on Your 2021 Return
Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped...
Jan 3, 20221 min read
Retroactive Termination of the Employee Retention Credit
If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, please be aware that there is a retroactive change...
Nov 23, 20217 min read
Don’t miss out! Tax-Saving Strategies to Consider Before Year-End
With the holiday season upon us, the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner,...
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