The tax deadline is almost here: File for an extension if you’re not ready

Wednesday, April 03, 2024
The April 15 tax filing deadline is right around the corner.... Read More

How renting out a vacation property will affect your taxes

Wednesday, March 20, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet?... Read More

Maximize the QBI deduction before it’s gone

Wednesday, March 13, 2024
The qualified business income (QBI) deduction is available to eligible businesses through 2025. ... Read More

Better tax break when applying the research credit against payroll taxes

Wednesday, March 06, 2024
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses.... Read More

If you didn’t contribute to an IRA last year, there’s still time

Wednesday, February 28, 2024
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. ... Read More

Update on IRS efforts to combat questionable Employee Retention Tax Credit claims

Tuesday, February 20, 2024
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses.... Read More

The Tax Relief for American Families and Workers Act of 2024

Tuesday, February 06, 2024
The Tax Relief for American Families and Workers Act of 2024 is a legislative proposal aimed at providing financial relief to American families and workers through various tax measures. ... Read More

Reporting Cash Payments of Over $10,000

Thursday, January 25, 2024
Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must file Form 8300.... Read More

Federal Corporate Transparency Act (CTA)

Thursday, January 25, 2024
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). ... Read More

Tax-favored Qualified Small Business Corporation status could help you thrive

Wednesday, January 24, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea.... Read More