Employee benefit plans are impacted by the CARES Act. This post discusses what you need to know about those coronavirus-related plan distributions and which of your employees are eligible for them....
Staff reductions during the coronavirus pandemic will affect your company's employee benefit plan (“Plan”) differently depending on whether you as the employer choose to layoff or furlough employees. This post discusses factors you need to take into account. ...
COVID-19 has made estate planning even more complicated. This post discusses the three basic areas to review as you reassess your estate plan, including the tax strategies that have become more advantageous because of the current financial and economic environment....
Debtors considering bankruptcy must make some difficult decisions before and during the bankruptcy process. This article explains the key steps individuals can take that may make bankruptcy unnecessary. Those more deeply in debt may find they need to consider either a Chapter 7 or Chapter...
Updated IRS rules offer guidance for deductible expenses which may have been murky as a result of the Tax Cuts and Jobs Act.
The rules being updated involve using optional standard mileage rates when figuring the deductible costs of operating an automobile for business, charitable, medical...
When should you revise your tax withholding? If you receive a large refund from the IRS when filing your income tax return, or owe the IRS a substantial amount when filing, you should consider adjusting your withholding....
Form W-4 used to be a relatively simple and straightforward form to complete. However, the form has been changed as a result of the passing of the TCJA back in late 2017. This post walks you through how to complete your W-4 accurately for the...
When should you revise your tax withholding? If you receive a large refund from the IRS when filing your income tax return, or owe the IRS a substantial amount when filing, you should consider adjusting your withholding....
If you're an entrepreneur and you've heard other business owners talking about the qualified business income deduction (also called Section 199A), you're probably asking yourself, “Should I incorporate to help save on taxes?” and “What entity should I select?” This post discusses the factors you need...
Myths and misconceptions about estate planning abound. This post shares the most common mistakes to avoid and help your family save thousands of dollars in unnecessary taxes and probate fees....
