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For Small Businesses: If Your Employees Receive Tips, You May Be Eligible for a Credit

January 11, 2022

Owners of restaurants and bars have had a rough couple of years due to the pandemic. Keep in mind that employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit. Here’s how it works.
Tax Advice: How Will Revised Tax Limits Affect 2022 Taxes?

January 11, 2022

How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.
Tax Advice: Are You Eligible for a Medical Expense Tax Deduction?

January 6, 2022

One of your new year’s resolutions may be to take better care of your health. But can you deduct your out-of-pocket medical costs on your tax return?
For Small Businesses: Defer Tax With a Like-Kind Exchange

January 5, 2022

With real estate prices up in some markets, the “like-kind” exchange strategy may be attractive if you want to sell commercial or investment real estate.
Tax Advice: Gig Workers Should Understand Their Tax Obligations

December 29, 2021

Many people have become gig workers to earn extra money through online platforms. Find out more about the tax implications of these jobs.
For Small Businesses: Will the Standard Mileage Rate Rise in '22? Yes!

December 28, 2021

The price of gas is up about $1 a gallon from a year ago. How does this affect the amount your business can deduct for business driving in 2022?
Tax Advice: "Do I Qualify for the Student Loan Interest Deduction?"

December 22, 2021

College is expensive and you may have taken student loans to pay for it. Can you deduct the interest you pay on these loans? Here are the rules.
For Small Businesses: 2022 Q1 Tax Calendar

December 22, 2021

Businesses face a variety of tax-related deadlines in the first quarter of 2022. Here are some of them.
Tax Advice: Year-End Tax Strategies for Stock Market Investors

December 22, 2021

You may be busy this holiday season. But don’t forget to review your portfolio to see if you have any stock you want to sell by Dec. 31 to save on taxes.
For Small Businesses: Providing a Company Car? How Taxes Are Handled

December 20, 2021

Providing a company car to executives at your business is a prized perk. Here are the basic tax rules involved in this fringe benefit.
Tax Advice: With Year-End Coming, 3 Ideas to Cut Your Tax Bill

December 20, 2021

Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.
Tax Advice: How Are Court Awards & Out-of-Court Settlements Taxed?

December 20, 2021

If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
Infographic: Help Fight Inflation This Holiday Season

December 19, 2021

What can you do? Click here for some bite-sized advice.
For Small Businesses: There Still May Be Time to Cut Your '21 Taxes

December 12, 2021

Good news: there may be ways your small business can save on 2021 taxes — but you must act before Dec. 31.
Tax Advice: Expect New Digital Asset Reporting Requirements

November 23, 2021

Buried in the infrastructure law that was just enacted is a change in the way cryptocurrency transactions are reported to the IRS.
For Small Businesses: Infrastructure Law Sunsets Employee Retention Credit Early

November 23, 2021

The sun has set on the valuable Employee Retention Credit. Here’s what happened.
Tax Advice: Use Up Your Flexible Spending Account Cash

November 19, 2021

If you have a flexible spending account, you may want to schedule a trip to the dentist, buy new eyeglasses or have elective medical procedures performed. Here’s why.
For Small Businesses: Show Appreciation & Gain Tax Breaks with Holiday Gifting

November 19, 2021

Is your business giving holiday gifts to employees or customers this year? Or are you throwing a holiday party? Here are the tax rules.
Tax Advice: Strategies for Donating to Charity or Gifting to Loved Ones

November 16, 2021

Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.
For Small Businesses: Many Factors When Choosing a Business Entity

November 16, 2021

There are many factors to consider when choosing a business entity. Here are just a few.
For Small Businesses: The Social Security Wage Base Rising in '22

November 15, 2021

Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a certain threshold aren’t subject to Social Security tax. The “wage base” for 2022 was recently announced.
Tax Advice: Thinking About Participating in a 401(k)?

November 15, 2021

If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
Infographic: What Investors Want to Know About Your Business

November 11, 2021

What is a pitch deck, and how can you make yours engaging and effective?
Tax Advice: If You're Relocating to Another State in Retirement

November 5, 2021

Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
For Small Businesses: Would You Like to Establish an HSA?

November 5, 2021

Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health Savings Account. Employers and employees can benefit.

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