Year-End Bonuses: Tax Issues for Employers and Employees
The holidays are often referred to as "the most wonderful time of year" — and for some people, that's due in part to their year-end...
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Brewer, Eyeington, Patout
- Oct 19
- 3 min
Social Security Wage Base and Earnings Test Amounts Increase in 2024
The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2024...
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Brewer, Eyeington, Patout
- Sep 21
- 5 min
Options for Overfunded or Unused 529 College Savings Accounts
Section 529 plans can be a tax-smart way to save for college and other qualified education expenses. Contributions to these plans aren't...
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Brewer, Eyeington, Patout
- Aug 17
- 6 min
Handling Student Loan Debt
Starting September 1, 2023, federal student loans will begin accruing interest again. And loan payments will officially restart in...
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Brewer, Eyeington, Patout
- Jul 25
- 4 min
4 Strategies to Strengthen Your Small Business
Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will...
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Brewer, Eyeington, Patout
- Jun 8
- 4 min
How to Reap the Tax Perks of Business-Owned Life Insurance
Many businesses maintain life insurance policies on their owners or employees for estate planning, buyouts and various other business...
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Brewer, Eyeington, Patout
- May 2
- 4 min
Resist the Urge to Purge after Filing Your 2022 Tax Return
The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for...
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Brewer, Eyeington, Patout
- Apr 4
- 5 min
How Much FDIC Coverage Do You Have?
In early March, Silicon Valley Bank (SVB) and Signature Bank unexpectedly collapsed. They became the second and third largest bank...
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Brewer, Eyeington, Patout
- Mar 13
- 4 min
Top 3 Federal Tax Law Changes that Could Affect Your Business Return
Every tax season, business owners must familiarize themselves with tax law changes that went into effect for that tax year. Fortunately,...
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Brewer, Eyeington, Patout
- Feb 9
- 4 min
The ABCs of the Dependent Care Credit
Do you pay someone to watch your young child (or another qualifying dependent) while you're at work? You may be entitled to claim the...
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Brewer, Eyeington, Patout
- Jan 24
- 5 min
5 Tips to Help Prepare for a Possible Layoff
The threat of a recession has persisted for over a year. With this uncertainty, many businesses may be considering layoffs. If you're...
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Brewer, Eyeington, Patout
- Jan 19
- 5 min
5 Major Tax-Favored Retirement Plan Changes for Individuals under New Law
After months of negotiations, Congress finally passed the long-awaited Setting Every Community Up for Retirement Enhancement 2.0 Act...
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Brewer, Eyeington, Patout
- Jan 12
- 4 min
Tax Treatment of Debt Forgiveness: Watch Out for Tax Bills Delivered COD
Debtors typically experience a feeling of relief when a creditor agrees to forgive their debt. But that feeling often is replaced by...
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Brewer, Eyeington, Patout
- Jan 6
- 4 min
What Business Owners Should Know About Financial Forecasting
Is your business ready to tackle the challenges and opportunities that lie ahead in 2023? Financial statements show how a company has...
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Brewer, Eyeington, Patout
- Dec 30, 2022
- 4 min
Financial Benchmarking for Success
A comprehensive benchmarking study can provide your business with a healthy start to the new year. By comparing your business's financial...
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Brewer, Eyeington, Patout
- Dec 19, 2022
- 5 min
Tricky Tax Angles to Fringe Benefits
Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the...
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Brewer, Eyeington, Patout
- Dec 13, 2022
- 2 min
Looking Ahead: 2023 Minimum Wage and Overtime Threshold Increases
In 2023, many states and localities will increase their minimum wage amounts. In some areas, the amounts paid to tipped employees may...
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Brewer, Eyeington, Patout
- Dec 7, 2022
- 4 min
8 Compelling Reasons to Outsource Your Accounting Functions
Is your company struggling to tackle all its accounting needs? Companies that have lost a CFO, outgrown their bookkeeper, changed their...
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Brewer, Eyeington, Patout
- Nov 29, 2022
- 5 min
Tax Breaks for Home Improvements
Are you contemplating some significant improvements to your home? Whether it's adding a pool to assist with a medical condition,...
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Brewer, Eyeington, Patout
- Nov 16, 2022
- 4 min
New Challenges of Using Remote Workers
The pandemic has changed workplace culture, probably forever. As events unfolded over the last few years, many employers shuttered their...
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