News

It is important to know about an opportunity to make a qualified charitable distribution (QCD) from your IRA. Individuals must receive annual required ... Read More >

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How ... Read More >

We congratulate Andrew Wasson, CPA on being promoted to manager in the Firm’s integrated services department. Andrew joined the firm in 2022 ... Read More >

Despite its name, the “kiddie tax” is anything but child’s play. If you’re not careful, this provision of the tax code can ... Read More >

High-income taxpayers face a regular income tax rate of 35% or 37%. They may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed ... Read More >

The scams may come in through email, text messages, telephone calls, or regular mail. Criminals regularly target both individuals and businesses and ... Read More >

Real estate can be an attractive long-term business investment. For tax reasons, you’re generally well-advised not to hold real property in a ... Read More >

Federal income tax deductions for taxpayers who use passenger autos more than 50% for business were permanently expanded by the Tax Cuts and Jobs ... Read More >

Inflation is generally bad news. But a favorable side effect is bigger annual inflation adjustments to federal tax breaks. In fact, many federal tax ... Read More >

President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). ... Read More >

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. ... Read More >

If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting ... Read More >

Today, almost everyone owns some sort of digital asset — and some of these assets can be quite valuable. But if your estate plan doesn’t account ... Read More >

Many retirees have seen their Social Security benefits increase in 2023 due to a cost-of-living adjustment that was higher than in past years. Further ... Read More >

The Tax Cuts and Jobs Act (TCJA) limits itemized deductions for state and local tax (SALT) payments for 2018 through 2025. This unfavorable tax law ... Read More >

The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. ... Read More >

The stock markets have experienced significant volatility over the last year, causing many investors to realize some significant gains — and incur ... Read More >

Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking ... Read More >

If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on ... Read More >

These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in ... Read More >