Tax

02/22/2023

The Child Tax Credit and You; How to Claim Your Maximum Benefit in 2022

The Child Tax Credit (CTC) has experienced many changes over the last six years, but it is still very valuable...

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Tax

02/13/2023

Tax Implications For Employees Who Receive Tips

Employees of some businesses receive tips as a part of their compensation. These businesses generally include restaurants, hotels, and salons....

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Tax

01/31/2023

Possible ID theft? Be proactive and get an IP PIN

Obtaining an Identity Protection PIN (IP PIN) issued by the IRS is a proactive step that you can take to...

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Tax

01/24/2023

Employee Retention Credits – Not Everyone Qualifies

The Employee Retention Credit (ERC) is a refundable payroll tax credit for employers that kept workers employed during COVID-19 pandemic...

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Business

01/24/2023

Take Advantage of Tax Provisions Available for College Costs

To help pay for expenses, many parents and grandparents saved money in tax favored accounts, such as 529 plans. Once...

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Tax

01/13/2023

Renting to a relative: tax benefits may be tricky

In today’s housing market, it seems simple and straightforward to rent to a family member. Many want to help a...

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Tax

01/03/2023

Increased Standard Mileage Rate for 2023

Effective January 1, 2023, the IRS has issued its annual notice that updates the allowable 2023 standard mileage rates for...

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Business

12/29/2022

How to get the maximum benefit out of your 401(k) plan

Investing money into a tax-advantaged retirement plan can benefit you by reducing taxes and saving more money for retirement. If...

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Tax

12/15/2022

How to qualify for the QBI deduction and year-end strategies to maximize this deduction

As a business owner, you may have heard others mention QBI, Section 199A, or the pass-through deduction. These are all...

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Business

12/15/2022

Year End Strategies for Investors to Cut Taxes

During 2022, the stock market has been down, but there have been some bright spots along the way. As the...

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Business

12/02/2022

Tax implications of donations and gifts

  With the holiday season here and year-end quickly approaching, many plan to donate to charity or gift money or...

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Tax

11/23/2022

What the FTX Collapse Means for Future Tax Deductions

With the recent news of the crypto giant, FTX, filing for Chapter 11 bankruptcy, you may be left wondering what...

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Business