When are You Required to Make Estimated Tax Payments?
Do you receive interest, dividends, self-employment income, capital gains, passthrough, or other non-payroll income? If so, you may be a...
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Tax
10/25/2022
Tax Inflation Adjustments for 2023
Good news from the IRS this week as the tax inflation adjustments for 2023 have been released. The income tax...
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Tax
10/25/2022
The facts about Tax-free bonds
Are Tax-free Bonds Really Free? Tax-free bonds are an attractive option for investing but are they really tax-free? There can...
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Business
10/25/2022
Offering Employee Fringe Benefits? Here’s what’s excludible from income.
Businesses can provide great benefit plans to employees that don’t cost them much or anything at all. Offering these benefits...
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Business
10/25/2022
IRS Warns Businesses to be Wary of ERC Scammers
Many businesses experienced financial hardship due to the COVID-19 pandemic. To incentivize employers who continued paying their employees during this...
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Business
10/19/2022
Roth Conversions – is this the right time to pull the trigger?
Has the recent dip in the stock market caused your retirement account to lose value? This could be the perfect...
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Business
10/17/2022
Escape Tax Liability by Using the “Innocent Spouse” Provision
By requesting innocent spouse relief, one of the spouses that filed a joint return can be relieved of the responsibility...
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Tax
10/11/2022
Individual tax planning strategies
Fall is officially here, and tax season is right around the corner. Now is a good time to start thinking...
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Tax
10/04/2022
Medicare Premiums: Beware of Adjustments When You Have a High Income Tax Year
The law requires an adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums when...
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Tax
09/22/2022
Good News! The IRS gives Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020
The IRS released Notice 2022-36 which waives the late fees and penalties for all 1099 Series returns (NEC, MISC, DIV,...
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Business
09/22/2022
Two lesser well-known taxes that every individual with high-income should be aware of
Many taxpayers have a basic understanding of federal income tax and that federal income tax rates for individuals range from...
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Tax
09/22/2022
Jump Start your Retirement Nest Egg with a Solo 401(k)
Are you self-employed? If your business has no employees and produces substantial net self-employment income, implementing a solo 401(k) is...
