Dec 12 Year-End Tax Considerations
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Dec 12 IRS Alerts on Health and Wellness Deductions: What You Need to Know
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Dec 02 Smart Estate Planning for Modern Blended Families
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Oct 21 Succession Planning for Your Business? Consider These Six Ways to Lean on Your Tax Accountant as a Trusted Advisor
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Sep 05 We May Never See a Better Environment for Transferring Wealth … Here’s Why
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025. In this article, we explain why 2024 is an...
Aug 22 Summer Fun: Beaches, Pools and Taxes!
If you got married in June, in addition to thank-you notes, give some thought to the IRS to make filing your taxes easier: Report any name change to the Social Security Administration. Notify the United States Postal Service, your employers, and the IRS of any...
Aug 06 What’s the Story on Nonprofit and Tax-Exempt Entities?
Have you ever wondered how you’re supposed to determine whether your organization is eligible for exemption from federal income tax? The possibility of being tax-exempt is permitted under section 501(a) of the Internal Revenue Code. But what about determining private foundation status? Well, that is covered...
Nov 11 IRS Clarifies Deductible Expenses
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...
Jan 29 What To Know About Getting a Tax Refund
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....
Jan 15 Form W-4: What Changed and Why it Matters
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...