Government officials are seeing a large increase in the number of new businesses being launched, despite the COVID-19 pandemic. From June 2020 through June 2021, the U.S. Census
There’s a harsh tax penalty you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery
Are you eligible for the qualified business income (QBI) deduction? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction, or
The IRS has released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined compared to prior years. But even though a small
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA) in March of 2021. Here’s
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home if for example they need
Are you age 65 and older with basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you want. The premiums can
As we continue to come out of the COVID-19 pandemic, you may be traveling for business again. Under tax law, there are a number of rules for deducting
If you have a college-bound child, you may be concerned about funding future tuition and other higher education costs. So you’ll want to take maximum advantage of tax
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so
If you’re getting close to retirement, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four
Expect the IRS to closely review deductions for business meals or auto expenses. In some cases, taxpayers have incomplete documentation or try to create records months (or years)
Let’s talk about how our experts can help you reach your financial goals.