There is More to Deducting Health Insurance than Meets the Eye
Health insurance premiums, especially in the wake of the ACA, have risen dramatically. They constitute one of the greatest expenses most individuals pay.
COLAs Are Out for 2021’s Popular Fringe Benefits
The IRS released 2021 cost-of-living adjustments (COLAs) for a variety of tax-related limits. These include those related to many popular fringe benefits.
Preparing for 2021: Tax Planning Strategies for Small Business Owners
If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?
The solar credit is fading away. After being 30% of the cost for many years through 2019, the credit drops to 26% in 2020. In 2021, it drops again to 22%.
How to Report COVID-19-related Troubled Debt Restructurings (TDRs)
Banks are working with borrowers on loan modifications. Recent guidance confirms that short-term changes due to COVID-19 won’t be subject to rules for TDRs.
Health Savings Accounts (HSAs) For Your Small Business
Small business owners know the increasing cost of employee health care benefits. Employer-sponsored HSAs may provide some of these benefits and save money.