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Check out our latest helpful blogs

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If You Gave to Charity in 2023, Check to See You Have Substantiation

Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive

IRA-tax-favored-retirement-nest-egg

IRAs: Build a Tax-Favored Retirement Nest Egg

Although traditional IRAs and Roth IRAs have been around for decades, the rules for them have changed several times. The Secure 2.0 law, enacted at the end of

Qualified-Small-Business-Corporation-status

Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety

kiddie-tax-could-affect-your-children-until-young-adults

The Kiddie Tax Could Affect Your Children Until They’re Young Adults

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the

employees-who-get-tips

Does Your Business Have Employees Who Get Tips? You May Qualify for a Tax Credit

If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving the Social Security

Medical Expense Tax Deduction

It’s Possible (But Not Easy) to Claim a Medical Expense Tax Deduction

Can you deduct your out-of-pocket medical costs on your tax return? It depends. Many expenses are tax deductible, but there are several requirements and limitations making it difficult

like-kind-exchange

Defer a Current Tax Bill With a Like-Kind Exchange

If you’re interested in selling commercial or investment real estate and it has appreciated significantly, one way to defer a tax bill on the gain is with a

taxes-when-moving-to-another-state

Don’t Overlook Taxes When Contemplating a Move to Another State

When you retire, you may think about moving to another state because the weather is more temperate or because you want to be closer to family. Don’t forget

2023-standard-business-mileage-rate

The Standard Business Mileage Rate Will Be Going Up Slightly in 2024

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.

2024-Q1-tax-calendar

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind this list isn’t all-inclusive, so you

taxes-on-Court-awards

Court Awards and Out-of-Court Settlements May (or May Not) Be Taxed

Monetary awards and settlements are provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment.

nanny-tax

The “Nanny Tax” Must Be Paid for Nannies and Other Household Workers

You may have heard of the “nanny tax.” But you may think it doesn’t apply to you if you don’t have a nanny. Check again. Hiring a housekeeper,

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