The Importance of a Well-Oiled Accounting Function
Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the...
top of page
Search
Sep 27, 202110 min read
Proposed Tax Changes for Higher Income Individuals
The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement,...
Sep 15, 20212 min read
Post-Pandemic Savings Burning a Hole in Your Pocket?
Not to overstate the obvious, but the last 18 months have seen major modifications in the ways that most Americans spent their money....
Sep 14, 20213 min read
Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress...
Aug 23, 20211 min read
Create an IRS Online Account
If you still have not received your federal refund, you are not alone. In our news article on July 26, the disclosed number of...
Aug 20, 20211 min read
Employer Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021
The American Rescue Plan Act of 2021 (ARP) provides Eligible Employers with tax credits to cover certain costs of providing employees...
Aug 20, 20211 min read
SBA Announces Opening of PPP Direct Forgiveness Portal
The U.S. Small Business Administration (SBA) recently launched a streamlined application portal to allow borrowers with Paycheck...
Aug 13, 20212 min read
Protect yourself from an unqualified tax preparer: Choose a CPA
Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with...
Aug 10, 20218 min read
The Treasury Green Book of Biden Proposed Tax Changes
The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the...
Aug 10, 20213 min read
Minimizing Tax on Social Security Benefits
Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following...
Aug 6, 20214 min read
Day Care Providers Enjoy Special Tax Benefits
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their...
Aug 4, 20213 min read
Make full use of Roth Individual Retirement Accounts
We’ve all heard the term “the rich get richer.” According to a report released from ProPublica, it turns out that one of the ways that...
Aug 3, 20214 min read
How Long Should You Keep Old Tax Records?
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Generally,...
Aug 2, 20216 min read
How Can You Save a Business After the Owner Dies?
When you’re in the midst of building or growing a business, the last thing on your mind is what happens if the owner suddenly dies. If...
Jul 30, 20213 min read
The Many Benefits of 401(k) Profit-Sharing Plans
If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a...
Jul 29, 20214 min read
Tax Rules for Home Flippers
With mortgage interest rates low, flipping real estate appears to be on the rise. This activity is even the theme of several popular...
Jul 28, 20214 min read
Contemplating Refinancing Your Home Mortgage?
With home mortgage rates at historic lows, it may be appropriate for you to consider refinancing your current mortgage. However,...
Jul 26, 20212 min read
35 Million: The Total Backlog of Tax Returns The IRS Had At The End Of Tax Season
The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to...
Jul 22, 20212 min read
COVID recovery: support local restaurants and get a tax break
Congress has provided businesses with a temporary tax break as a means of helping the restaurant industry, which has been devastated by...
Jul 16, 20213 min read
Did You Get a Letter from the IRS? Don’t Panic.
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS...
bottom of page