Mid-year Tax-Planning Ideas
The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good time to take proactive steps to help...
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bepcocpa
- Jul 21
- 5 min
SEPs vs. SIMPLE IRAs: Smart Retirement Plan Options for the Newly Self-Employed
Are you new to self-employment? Working for yourself doesn't mean you must forego tax-advantaged retirement savings. In addition to...
42 views0 comments
clare31562
- Jun 24
- 6 min
The Lowdown on Spousal IRAs
Have you recently left the job market to raise your kids, care for an elderly parent or pursue personal interests? Regardless of why you...
30 views0 comments
bepcocpa
- Jun 1
- 4 min
Opening the Door to Home Office Deductions
Are you a business owner working from home as a sole proprietor or an entrepreneur with a home-based side gig? As long as you meet...
14 views0 comments
Ivoree Hernandez
- Apr 7
- 5 min
Using a Noncompete Agreement when Buying a Business
Noncompete agreements are commonly included in business purchase transactions to prevent the seller from competing against the buyer for...
19 views0 comments
Ivoree Hernandez
- Mar 16
- 3 min
Beware: Remote Work May Complicate Your Income Taxes
Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be...
5 views0 comments
Brewer, Eyeington, Patout
- Mar 7
- 6 min
Do LLC Members Owe Self-Employment Tax?
The federal tax code's self-employment tax provisions were enacted long before the existence of limited liability companies (LLCs). As...
16 views0 comments
Brewer, Eyeington, Patout
- Feb 10
- 4 min
Tax Implications of Student Loan Debt Relief
The total amount of outstanding student loan debt is estimated at approximately $1.75 trillion, including $1.59 trillion in federal...
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Brewer, Eyeington, Patout
- Jan 12
- 4 min
The ABCs of Scholarship Tax Rules
Good news: You just found out that your high school senior son or daughter will be receiving a sizeable scholarship at a prestigious...
35 views0 comments
Brewer, Eyeington, Patout
- Dec 20, 2021
- 4 min
8 New Year's Resolutions for Small Business Owners
Have you compiled a list of New Year's resolutions for your small business in 2022? Resolutions don't have to be limited to your personal...
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Brewer, Eyeington, Patout
- Dec 6, 2021
- 6 min
Personal Financial Resolutions for 2022!
It's almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year's...
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Brewer, Eyeington, Patout
- Nov 19, 2021
- 5 min
7 Tax-Smart Reasons to Hire Your Spouse
Many businesses are having trouble recruiting and retaining qualified workers today. Nearly 90% of employers reported difficulty filling...
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Brewer, Eyeington, Patout
- Nov 8, 2021
- 3 min
Deciding When to Raise Your Prices... and by How Much.
A price increase is sometimes unavoidable — and now might be one of those times as many businesses are dealing with cost increases,...
33 views0 comments
Brewer, Eyeington, Patout
- Oct 22, 2021
- 5 min
Mind the Wash Sale Rule When Harvesting Tax Loans
While stock values have mostly gone up so far this year, bull markets don't last forever. And the price of a particular stock can...
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Brewer, Eyeington, Patout
- Oct 4, 2021
- 4 min
A New Chapter on College Financial Aid
Financially savvy parents of college students should generally take the time to complete the Free Application for Federal Student Aid...
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Brewer, Eyeington, Patout
- Sep 24, 2021
- 3 min
Refresher on the Home-Sale Gain Exclusion Tax Break
In many areas, residential real estate markets have surged, and some are still surging. In these sellers' markets, big home-sale gains...
119 views0 comments
Brewer, Eyeington, Patout
- Aug 31, 2021
- 4 min
Would a Roth IRA Conversion Make Sense for You?
Roth IRA and 401(k) accounts were created in 1998. Contributions to Roth accounts are taxed on the front end at ordinary tax rates when...
71 views0 comments
Brewer, Eyeington, Patout
- Aug 24, 2021
- 4 min
Retirement Savings: Are You Currently On Track?
Employment disruptions caused by the COVID-19 economic slowdown have scrambled the retirement saving strategies of many Americans....
68 views0 comments
Brewer, Eyeington, Patout
- Aug 19, 2021
- 6 min
Following Up on Coronavirus-Related Distributions from IRAs
If you were adversely affected by the COVID-19 pandemic, you may have taken a tax-favored coronavirus-related distribution (CVD) from a...
21 views0 comments
Brewer, Eyeington, Patout
- Aug 11, 2021
- 4 min
Deadline Coming: Follow Up on Your PPP Loans
Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic...
96 views0 comments