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deductions

Unlock Hidden Savings: A Guide to Maximizing Tax Deductions for Small Business Owners

As a small business owner, one of your primary goals should be to maximize your business tax deductions to minimize your liability. Effective tax planning can significantly impact your bottom line, allowing you to reinvest more into your business.
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Long Term Care

Should Employers Offer Long-Term Care Insurance as a Fringe Benefit?

Employers have a wide array of fringe benefits they can offer employees. One to carefully consider is long-term care insurance.
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QSBS

Qualified Small Business Stock: Do You Qualify for Its Taxable Gain Exclusion?

IRC Sec 1202, Qualified Small Business Stock (QSBS) gain exclusion, provides a significant tax planning strategy. Sec 1202 was enacted in 1993 to encourage investment in small businesses. It allows individuals to avoid paying taxes on up to 100% of the taxable gain recognized on the sale of qualified small business stock (QSBS) of a C corporation.
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Donations

Unlock the Secrets: How Political Donations Can Impact Your Taxes

In the intricate world of tax law, political donations occupy a unique space, blending civic engagement with financial implications. As taxpayers consider supporting their preferred political causes or candidates, understanding the tax aspects of these contributions is crucial.
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401(k)

What Employers Can Do About Missing 401(K) Plan Participants

Employers that sponsor 401(k) plans often lose touch with participants who leave their organizations. If this sounds familiar, there are some steps you can take to locate these individuals.
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IRA Beneficiary

Naming Your IRA Beneficiary - More Complicated Than You Might Expect

The decision concerning whom you wish to become your IRA beneficiary is critically important. Click to learn more about what this decision affects.
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Retirement Planning

Embracing Your Next Chapter: A Guide for Retirees Returning to Work

We aim to help you navigate the tax implications, understand changes to retirement accounts, and make informed decisions about your social security income.
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Pet Tax

Purr-fect Savings: The Secrets of Pet Tax Deductions

Did you know there are certain circumstances in which pet owners can claim tax deductions for their furry friends? Find out if you qualify!
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medical expenses

Maximizing Tax Deductions for Medical Expenses of Disabled Children

Here is a rundown for families who have disabled children who may benefit from tax-deductible expenses; in addition to normal medical expenses.
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deduction

Maximize the QBI Deduction Before It’s Gone

The QBI deduction is scheduled to disappear after 2025. Here’s what you need to know to make the most of it while you can.
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Dividend Treatment

Tax-Wise Ways to Take Cash From Your Corporation While Avoiding Dividend Treatment

As you may know, dividends paid out by a corporation are taxable to shareholders and can’t be deducted by the business. But there may be ways to get cash out of your closely held corporation without dividend treatment.
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vehicle credit

Clean Vehicle Credit Can Be Transferred to Car Dealer to Offset the Purchase Price

A special election allows a tax credit to be applied to reduce the cost of a vehicle purchased. This makes it easier for taxpayers to make down payments.
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withholding

Navigating Taxation and Withholding Requirements for Non-Resident Aliens

As businesses expand their operations, understanding nonresidents' taxation and withholding requirements is crucial for both the nonresident and employer.
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Education Credits Aren't Just For Children's Tuition cover

Education Credits Aren't Just For Children's Tuition

If you think that education credits are just for sending your children to college, think again; tax credits are available to you.
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healthcare

Healthcare Considerations for Boomers in Retirement

Our comprehensive guide for Baby Boomers covers everything from understanding Medicare options and supplemental insurance to long-term care considerations.
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Dividend

Strategies for Extracting Cash from Your Corporation Without Dividend Treatment

Dividends paid out by a corporation are taxable, but there may be ways to get cash out of your closely held corporation without dividend treatment.
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