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Infographic: The Risks of Borrowing from a Life Insurance Policy

February 20, 2021

Unemployment or other financial stressors may have you looking at the value of your life insurance policy. But before you borrow, review the potential pros and cons.
Tax Advice: There's Still Time to Get Substantiation for 2020 Donations

February 20, 2021

In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?
For Small Businesses: The Tax Implications of Buying or Selling?

February 16, 2021

Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a deal is done, it may be too late to get the best tax results.
For Small Busineses: Many Tax Amounts Have Increased for 2021

February 15, 2021

How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
Tax Advice: Answers to Your Questions About Limits

February 15, 2021

How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
Tax Advice: The Power of the Tax Credit for Buying an Electric Vehicle

February 4, 2021

Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.
For Small Businesses: On the New Form 1099-NEC and Revised 1099-MISC

February 1, 2021

A filing requirement is coming up if your business pays independent contractors or makes other payments.
Tax Advice: Remember to Take Required Min Distributions

February 1, 2021

If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.
For Small Businesses: The Cents-Per-Mile Rate Decreases Again

February 1, 2021

The price of gas is down from a year ago. How does this affect the amount your business can deduct for business driving in 2021?
Tax Advice: Reasons to File Your Tax Return Early

January 26, 2021

Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.
For Small Businesses: On the Tax Consequences of PPP Loans

January 24, 2021

Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rules, as well as the tax implications.
Infographic: How Much Did Americans Save in 2020?

January 18, 2021

Against the odds, savings rates for Americans increased in 2020. Read on.
Overview of Pandemic Relief Bill for Businesses

January 13, 2021

What follows is a summary of the stimulus relief for businesses that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on December 27, 2020.
Tax Advice: Learn About the Revised Tax Benefits for Higher Ed

January 12, 2021

Changes have been made to education tax breaks in the new Consolidated Appropriation Act.
For Small Businesses: On the Enhanced Employee Retention Tax Credit

January 12, 2021

The Employee Retention Tax Credit rewards employers that can afford to keep workers on the payroll during the COVID-19 crisis. Here’s how it changed under a new law.
For Small Businesses: What's New in the New COVID-19 Relief Law

January 7, 2021

Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here are just two of them.
Tax Advice: What's in the COVID-19 Relief Law for You?

January 7, 2021

Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.
Tax Advice: Use More Than One Taxpayer Filing Status?

January 7, 2021

As we wind down 2020, be aware that December 31 is an important date when it comes to filing your tax return. Whether you’re married or unmarried on that date will affect how you file. Check out the 5 federal tax filing statuses and who can claim them.
Tax Advice: Next Estimated Tax Deadline on January 15

January 7, 2021

The fourth estimated tax payment deadline for 2020 is coming up. Here are the details of when it is and whether you’re required to make a payment.
For Small Businesses: Convert From a C to an S Corp?

January 5, 2021

Are you reconsidering the choice of entity for your business? These are several factors to consider when converting from a C corporation to an S corporation. Here are four of them.
For Small Businesses: Prevent & Detect Insider Cyberattacks

January 5, 2021

Cybercrime isn’t always perpetrated by anonymous hackers in foreign countries. Some of the criminals stealing a company’s data could be employees. Reduce the risk of insider cyberattacks by following these tips.
For Small Businesses: 2021 Q1 Tax Deadlines for Businesses & Employers

December 28, 2020

Businesses face a variety of tax-related deadlines in the first quarter of 2021. Here are some of them.
Tax Advice: Don't Forget About Your FSA Funds

December 22, 2020

It’s that time of year again: time to spend your unused dollars if you have an FSA.
For Small Businesses: Save More With the Heavy SUV Tax Break

December 22, 2020

There are substantial tax breaks when you buy a heavy SUV for business. Here are the details if you’re purchasing new wheels before year end.
Tax Advice: Can You Qualify for a Medical Expense Tax Deduction?

December 22, 2020

Medical and dental costs are expensive and it’s hard to get a tax deduction for them. But you may qualify by including every eligible expense allowed. Here’s what it takes to get a deduction and how you might be able to benefit by moving certain expenses into 2020.

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