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Key Tax Issues in M&A Transactions

There was a dramatic drop in merger and acquisition activity last year due to rising interest rates and a slowing economy. The total value of M&A transactions in

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Answers to Your Questions About 2023 Limits on Individual Taxes

Most people are more concerned about their 2022 tax bills right now than their 2023 tax situations. This is understandable because your 2022 individual tax return is due

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Have Employees Who Receive Tips? Here are the Tax Implications

Businesses like restaurants, hotels, and salons employ individuals who receive tips as a significant part of their compensation. Tips are optional payments customers make to employees who perform

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Retirement Plan Early Withdrawals: Make Sure You Meet the Requirements to Avoid a Penalty

Most retirement plan distributions are subject to income tax. They may also be subject to an additional penalty if you take an early withdrawal. What’s considered early? In

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Do You Run a Business from Home? You May Be Able to Deduct Home Office Expenses

Many people began working from home during the COVID-19 pandemic. Many still work from home offices either all the time or on a hybrid basis. If you’re self-employed

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Many Tax Limits Affecting Businesses Have Increased for 2023

A variety of tax-related limits affecting businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may

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Why You Might Want to File Early and Answers to Other Tax Season Questions

The IRS opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if

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Forms W-2 and 1099-NEC Are Due to be Filed Soon

The 2023 filing season deadline is drawing near, but you should also be aware the deadline for businesses to file information returns for hired workers is even closer.

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College Tax Savings Guide for 2026: 529 Plans, AOTC, and SECURE 2.0 Roth Rollover

College is expensive and the tax code provides multiple tools to make it less painful: 529 plans for tax-free growth, education tax credits for current-year savings, the new

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How the New SECURE 2.0 Law May Affect Your Business

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up

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Tax-Wise Ways to Save for College

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of

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Employers Should Be Wary of ERC Claims that Are Too Good to Be True

The Employee Retention Credit (ERC) was a valuable tax credit to help employers who kept workers on staff during the height of the COVID-19 pandemic. While the credit

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