Here are some individual tax planning strategies to consider to lower your tax burden as we reach the close of 2020Read More
Blog
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Understanding the Passive Activity Loss Rules
The passive activity loss rules can be complex and confusing for some taxpayers. Here’s what you need to know.Read More
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The 2021 Social Security Wage Base Is Increasing
If your business is planning for payroll next year, be aware that the Social Security wage base is increasing.Read More
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Year-End Moves for Charitable Giving
Studies show that November and December are the most popular months for charitable giving. Here are some ways to maximize your deduction if you itemizeRead More
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Beware of Vishing (Voice Phishing) Scams
A recent fraud alert from the Cybersecurity Infrastructure Security Agency explains how scammers use voice phishing (or “vishing”) to access company recordsRead More
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FASB Delays Long-Term Insurance Standard (Again)
The FASB issued simplified rules for reporting long-term insurance contracts in 2018. But insurers have struggled to make the changes during the COVID-19 crisis.Read More
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7 Expiring Tax Breaks for Individuals
Here are some expiring tax breaks you might want to cash in on before year end. Proper planning can help substantially lower your 2020 federal tax bill.Read More
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Buy-Sells Help Business Owners Prepare for the Unexpected
Here are common valuation issues to incorporate in buy-sells, along with a reminder about how to avoid unintended consequences.Read More
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Offer FSAs to Employees? You May Need to Act Before Year End
If you offer employees FSAs, it’s important to keep abreast of the latest changes, including those made by the CARES Act.Read More
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Take Aim at Tax Credit for Hiring Target Workers: WOTC
If your business is actively recruiting, consider certain “target” groups that could qualify for the Work Opportunity Tax Credit (WOTC)Read More