Insights

Individuals get coronavirus (COVID-19) tax and other relief

Individuals get coronavirus (COVID-19) tax and other relief

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) ...
COVID-19: Office Update

COVID-19: Office Update

As the situation with COVID-19 continues to evolve our goal as consultants and tax advisors is to help you stay up ...
Coronavirus (COVID-19): Tax relief for small businesses

Coronavirus (COVID-19): Tax relief for small businesses

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently ...
Many business owners ask: How can I avoid an IRS audit?

Many business owners ask: How can I avoid an IRS audit?

Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being ...
Inheriting property? Be aware of the basis consistency rules

Inheriting property? Be aware of the basis consistency rules

If you're in line to inherit property from a parent or other loved one, it's critical to understand the basis ...
The tax aspects of selling mutual fund shares

The tax aspects of selling mutual fund shares

Perhaps you're an investor in mutual funds or you're interested in putting some money into them. You're not alone. ...
There still might be time to cut your tax bill with IRAs

There still might be time to cut your tax bill with IRAs

If you're getting ready to file your 2019 tax return, and your tax bill is higher than you'd like, there may still ...
The tax implications of a company car

The tax implications of a company car

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This ...
Determining whether you need to file a gift tax return can be tricky

Determining whether you need to file a gift tax return can be tricky

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for ...
Tax credits may help with the high cost of raising children

Tax credits may help with the high cost of raising children

If you're a parent, or if you're planning on having children, you know that it's expensive to pay for their food, ...
How business owners may be able to reduce tax by using an S corporation

How business owners may be able to reduce tax by using an S corporation

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, ...
Nondeductible IRA contributions require careful tracking

Nondeductible IRA contributions require careful tracking

If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) ...
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