Federal estimated tax payments help ensure that certain individuals pay their fair share of taxes throughout the year. If your paycheck and other sources of income don’t have enough federal tax withheld you may have to make estimated tax payments. This typically applies if you receive interest, dividends, self-employment income, capital gains, a pension or […]

Prepare for potential changes: The upcoming presidential and congressional elections could substantially reshape the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it. How we got here The Tax […]

There is no universally suitable benefits package for all businesses today. The ideal mix of tax-friendly fringe benefits varies based on factors such as the size and demographics of your workforce. One option to consider is an adoption assistance program. Purpose and Covered Expenses The purpose of adoption assistance programs is to provide participants with […]

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you might wonder if the income taxed and if so, how it is taxed. The tax treatment depends on the type of disability benefit and your overall income. The key factor is who paid for the benefit. If […]

Many businesses today have their own websites. Despite their prevalence, the IRS has not provided formal guidelines on specifically how or when website costs can be deducted. However, there are established general rules. Here are some answers to questions you may have. Regarding the deductibility of business expenses that can help business taxpayers launching a […]

When a company’s leadership team meets to discuss strategic planning, they might feel pressured to play it safe. Relying on existing strengths and opting for gradual, measured growth are commonly seen as cautious paths to success. But substantial growth — and, in some industries, just staying competitive — calls for innovation. That’s why, as your […]

Perhaps you purchased some Series EE bonds many years ago and put them in a file cabinet or safe deposit box. Or maybe you bought them electronically and don’t think about them often. You may wonder: How is the interest you earn on EE bonds taxed? And if they reach final maturity, what steps do […]

Although there have been improvements in various sectors of the economy over the past year, challenges like the rising cost of living continue to force some businesses to shut down. If you’re facing the possibility of closing your business, we can assist with navigating the complex tax implications involved. To start with, a business needs […]

It is not easy to own and operate a business. You wait for strategies to play out. You wait for materials, supplies or equipment to arrive. You wait for key positions to be filled. But, when it comes to sales, how patient should you be? A widely used metric called “sales velocity” can help you […]

There are a number of difficulties presented with a divorce, and taxes are probably the farthest thing from your mind. However, several tax concerns may need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are six issues to be aware of if […]