Where did 2019 go? It feels like we just finished filling out our 2018 tax returns and now it’s almost time to do the same for 2019. Are you ready? Is your business? Here are some tips to get you ready for...
Every year, the IRS takes a fresh look at contribution limits and makes changes as they see necessary. Below are some of the more significant changes for the 2020 tax year you should be aware of: 1....
Numerous tax experts agree that effectively addressing your tax liability requires planning and attention throughout the entire year. Business owners who reap the most benefits consider their taxes...
The IRS has recently published their inflation adjustments for various tax items for the 2020 tax year. Below is an overview of the adjustments that apply to a wide range of taxpayers. 1. In 2020, the...
If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must have a bank record or written communication from the charity for any monetary...
Depending on business size, interruption insurance policy costs could range from $750 to $10,000 or more. If you have passed on insurance due to cost, consider this: Today there are a greater number of...
This year, The IRS has announced cost of living adjustments that will affect dollar limitations for pension plans and other retirement-related items for the 2019 tax year. This article breaks down these...
S corporations are entities that can pass corporate income, losses, deductions and credits through to shareholders for federal tax purposes. This article will outline the advantages and considerations you...
A capital gain is a profit, made when you as an individual or business sell a capital asset such as investments or real estate for a higher cost than its purchase price. A capital loss is incurred when...