Latest Covid-19 Relief Updates: Round up of Key Information

This past year has been one of the more challenging we have faced. Going forward, for as long as it’s useful, we will bring you a regular round up of relevant COVID-19 relief information highlighting what you need to know to manage through this crisis. Click here for key updates. Checklists for Paycheck Protection Credits […]

3 Tips to succeed in remote sales trends

Even before the pandemic, there was a trend toward more digital interactions in sales. As this transformation continues, it’s time to put permanent changes in place to better compete. Here are three tips for keeping your remote sales operations sharp. The COVID-19 pandemic has dramatically affected the way people interact and do business. Many experts […]

Will the “stepped-up basis” be eliminated if you inherit property?

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The following will explain how to determine the basis of an inherited property.   The current rules Under the current fair market value basis rules (also known as the “step-up and step-down” rules), […]

IRS audits were down for 2020 but may be on the rise

Even though the IRS just released statistics showing that fewer returns were audited for the 2020 fiscal year compared to prior years, the IRS will still examine thousands of returns this year. With proper planning, you may fare well even if you’re one of the unlucky ones.   Latest statistics Overall, just 0.5% of individual […]