Here are some of the significant tax changes effective for the 2023 tax year. Keep these in mind as you proceed through the year will help you save tax dollars when it comes time to file your personal and business taxes.
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April 18 — Tax Day — is fast approaching. But what can you do if you are not ready to file your taxes? The IRS may give you an extension, but the rules are strict. Here’s the scoop.
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No one enjoys a tax audit, and there's no way to guarantee that you won't get hit with one. But there are some things you can do to minimize the chances of being audited by the IRS. Click through for some tips that can help you either avoid an audit or, at the bare minimum, survive an audit with as minimal chaos as possible.
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The IRS warns about Employee Retention Credit claims in which aggressive promoters make offers that are too good to be true. Click through to be aware that much of this marketing exists solely to collect your personally identifiable information in exchange for false promises.
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When it comes to tax write-offs for business owners, I've compiled a list of 75+ expenses that could be deductible for you. View or download the list today.
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There have been some key tax changes this year, and you'll need to address them as April 15 approaches. Click through to review the key topics, so you'll know what to go over with your accountant in 2023.
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The FTX debacle has been dominating the news, as investors wonder what went wrong with the firm's complex business model. Click through for a brief overview that shines some light on a dark corner of the investing universe.
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Before you begin to prepare your income tax return, go through our Tax Preparation Checklist. Not every category will apply to you, so just pick those that do, and have that information available. When you’re ready to share your files with us, you’ll be surprised at how much time you will have saved by organizing your information beforehand.
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2022 tax strategy and contribution to tax-advantaged accounts, such as IRAs and 401ks, deadlines are approaching. Now is the time to discuss the following with us.
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You may have been advised to check your tax withholdings at least once a year. But if you've had job or family changes, you may want to do it more frequently.
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This annual notice provides the rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. See how this may affect you.
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The federal government is giving a boost to owners of electric vehicles, but the terms are complicated. Here’s an introduction to this valuable tax break, to make sure you can take full advantage of it.
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What does the Inflation Reduction Act mean for real estate? From Sections 45L and 179d to energy credits, view the highlights.
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It's one of the most sweeping and most controversial bills passed in recent years. There's a lot of confusion about what it will and will not do. Click through for a quick summary of the main provisions to see how it may affect you.
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Crowdfunding has become a powerful way to raise money for a host of projects. But like with every other financial transaction, the IRS has imposed rules. Click through to make sure your crowdfunding project follows the law.
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You're busy running your law firm, but don't forget that you have to take care of the back office as well. And that includes taxes. Click through for an introduction to partnership taxation rules, and some practical help in tax management.
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Form 941 is the quarterly tax return for reporting income taxes as well as withholdings of employee payroll taxes, Social Security, and Medicare. Click through for the basics on this important business form to ensure that you stay compliant.
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Tax requirements for nonprofits are stringent, and the penalties for violating them can be heavy. Learn how to keep track of all your funding sources — and to keep your tax-exempt status.
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Cryptocurrency is here to stay. That is clear from the proposed Infrastructure Investment and Jobs Act, which includes provisions about how cryptocurrency is taxed. Read about what may be on the horizon.
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Defined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Read about the advantages, disadvantages, and tax considerations for employers and employees.
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