Spousal IRAs Offer Retroactive Tax-Saving Opportunity
Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member ... Read More >
Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member ... Read More >
Do you regularly donate to charity? In the past, you may have derived generous tax benefits for your contributions without much forethought. Or perhaps ... Read More >
How The Postmark Change Impacts Tax Return Filings and Payments A recent change by the U.S. Postal Service may affect how the IRS treats certain tax ... Read More >
Significantly fewer taxpayers have owed the alternative minimum tax (AMT) for the last several years. This is because the Tax Cuts and Jobs Act (TCJA) ... Read More >
The One Big Beautiful Bill Act (OBBBA) introduces three potentially valuable tax breaks for individual taxpayers that weren’t previously available. ... Read More >
On April 2, 2025, President Trump rolled out his promised new tariff policy. A long-time fan of tariffs, Trump surprised many with a baseline tariff ... Read More >
President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, ... Read More >
How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a bigger home, cover emergency expenses or pay for their ... Read More >
We made the Philadelphia Business Journal list of the 35 largest accounting firms in the Philadelphia area. Only 15 firms on the list have headquarters ... Read More >
Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: ... Read More >
The deadlines for filing 2024 tax returns (or extensions) are fast approaching. Has your small business taken advantage of all the legitimate ways ... Read More >
The Republicans will soon control the White House and both chambers of Congress, which will likely open the door for major tax legislation next year. ... Read More >
With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency ... Read More >
If anyone in your household had a Marketplace Health Insurance plan in 2024, you must obtain Form 1095-A before you file your tax returns. The form ... Read More >
Under the Corporate Transparency Act (CTA), many business owners must file corporate transparency reports that provide beneficial ownership data. The ... Read More >
With the holiday season rapidly approaching, you may consider gift ideas for friends, family members and business associates. A popular and convenient ... Read More >
As we approach the 2025 tax season, the IRS strongly recommends that all taxpayers obtain an Identity Protection Personal Identification Number (IP ... Read More >
The Tax Cuts and Jobs Act (TCJA) virtually doubled the standard deduction through 2025. So, fewer taxpayers are itemizing deductions these days. Instead, ... Read More >
Navigating the maze of federal taxes can be daunting. Many tax terms are confusing, whether you’re a business owner, a seasoned individual taxpayer ... Read More >
Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses expect to implement return-to-office policies by the ... Read More >