Health Savings Accounts for Your Small Business
Small business owners are very aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). If you already have an HSA now is...
How Series EE Savings Bonds Are Taxed
Many people have Series EE savings bonds they purchased several years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file cabinet or safe deposit box. You may wonder: How is the interest you earn on EE...
Do You Want to Withdraw Cash From Your Closely Held Corporation at a Low Tax Cost?
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable...
Disability Income: How Is It Taxed?
Many Americans receive disability income. You may wonder if, and how, this income is taxed. As is often the case with tax questions, the answer is … it depends. The key factor is who paid for the benefit. If the income is paid directly to you by your employer, it’s...
Tax Responsibilities if Your Business is Closing Amid the Pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. Of course, a business must file a final income...
"Being a CPA has led me to meet and work with many wonderful people and ideas. I always look forward to putting that experience and knowledge to work for my clients every day.”
-Adam Traywick, CPA
