Taxes on the Table: What the Presidential Candidates Are Pledging
The national conventions for both political parties' presidential candidates have wrapped up and their platforms have finally been...
top of page
Visit our NEWS page for frequent Tax Updates.
Your business may have to comply with new reporting requirements that took effect on January 1, 2024.
Search
Terri Ross
- Aug 13
- 6 min
Top 10 Tax Breaks to Consider on Extended Returns
If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15,...
114 views0 comments
Terri Ross
- Jul 3
- 7 min
7 Midyear Tax Planning Tips for Individuals
Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It appears there won't be any significant...
74 views0 comments
Terri Ross
- Jun 4
- 5 min
Smart Tax Planning Pays Off
If you're financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to...
57 views0 comments
Terri Ross
- May 13
- 3 min
Close-Up on Pass-Through Entity Tax Laws
At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation...
94 views0 comments
Terri Ross
- Apr 10
- 3 min
Don't Overlook the Child Care Tax Credit
For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F...
27 views0 comments
Katelyn Groppe
- Mar 12
- 4 min
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
Effective January 1, 2024, a significant number of businesses are now required to comply with the Corporate Transparency Act (“CTA”). The...
422 views0 comments
Terri Ross
- Feb 15
- 6 min
Does the Marriage Penalty Still Exist Today?
A couple's tax situation changes when they get married — for better or worse. Here are the most important things to know if you recently...
97 views0 comments
Terri Ross
- Jan 11
- 5 min
Tax Complexities Related to the Use of a Student-Athlete’s Name, Image and Likeness
The days of pure amateur athletes performing for our nation's colleges are officially over. In the current environment, the National...
66 views0 comments
Katelyn Groppe
- Dec 13, 2023
- 4 min
Act Now to Leverage the Gift Tax Exclusion Before Year End
The gift tax exclusion is among the most valuable tools available to transfer assets to family and other loved ones without ending up...
82 views0 comments
Brewer, Eyeington, Patout
- Nov 15, 2023
- 4 min
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...
70 views0 comments
Brewer, Eyeington, Patout
- Oct 19, 2023
- 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...
108 views0 comments
Brewer, Eyeington, Patout
- Sep 21, 2023
- 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...
98 views0 comments
Brewer, Eyeington, Patout
- Aug 17, 2023
- 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...
38 views0 comments
Brewer, Eyeington, Patout
- Jul 25, 2023
- 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...
42 views0 comments
Brewer, Eyeington, Patout
- Jun 8, 2023
- 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...
88 views0 comments
Brewer, Eyeington, Patout
- May 2, 2023
- 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...
124 views0 comments
Brewer, Eyeington, Patout
- Apr 4, 2023
- 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...
129 views0 comments
Brewer, Eyeington, Patout
- Mar 13, 2023
- 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,...
88 views0 comments
Brewer, Eyeington, Patout
- Feb 9, 2023
- 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...
118 views0 comments
bottom of page