Taxes when you sell an appreciated vacation home

Thursday, May 16, 2024
Vacation homes in upscale areas may be worth way more than owners paid for them.... Read More

When partners pay expenses related to the business

Wednesday, May 08, 2024
It’s not unusual for a partner to incur expenses related to the partnership’s business.... Read More

Beware of a stealth tax on Social Security benefits

Tuesday, April 23, 2024
Some people mistakenly believe that Social Security benefits are always free from federal income tax.... Read More

2024 Q2 tax calendar: Key deadlines for businesses and employers

Wednesday, April 17, 2024
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. ... Read More

The tax deadline is almost here: File for an extension if you’re not ready

Wednesday, April 03, 2024
The April 15 tax filing deadline is right around the corner.... Read More

How renting out a vacation property will affect your taxes

Wednesday, March 20, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet?... Read More

Maximize the QBI deduction before it’s gone

Wednesday, March 13, 2024
The qualified business income (QBI) deduction is available to eligible businesses through 2025. ... Read More

Better tax break when applying the research credit against payroll taxes

Wednesday, March 06, 2024
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses.... Read More

If you didn’t contribute to an IRA last year, there’s still time

Wednesday, February 28, 2024
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. ... Read More

Update on IRS efforts to combat questionable Employee Retention Tax Credit claims

Tuesday, February 20, 2024
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses.... Read More