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Tax Accounting

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  • Tax Accounting
Tax & Accounting

Dec 16, 2019

Put Your Audit in Reverse to Save Sales and Use Tax

Rules and regulations surrounding state sales and use tax refunds are complicated. We can help you understand them.

Tax & Accounting

Dec 16, 2019

When an Elderly Parent Might Qualify As Your Dependent

It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption.

Tax & Accounting

Dec 16, 2019

Turning Next Year’s Tax Refund into Cash in Your Pocket Now

You can modify your withholding at any time during the year, or even several times within a year. To do so, you simply submit a new Form W-4 to your employer.

Tax & Accounting

Dec 16, 2019

The “Manufacturer’s Deduction” Isn’t Just for Manufacturers

The deduction is also limited to 50% of W-2 wages paid by the taxpayer that are allocable to domestic production gross receipts.

Tax & Accounting

Dec 16, 2019

Seniors: Medicare Premiums Could Lower Your Tax Bill

If you’re covered by Medicare, you know it can be confusing. You may not know that, if you qualify, you can deduct costs on your tax return.

Tax & Accounting

Dec 16, 2019

Three Questions You May Have After You File Your Return

Just because your tax return has been filed doesn’t mean you don’t still have questions. Here are some answers to frequently asked questions.

Tax & Accounting

Dec 16, 2019

How Entrepreneurs Must Treat Expenses on Their Tax Returns

Starting a new business can be a hectic, exciting and expensive time. Be aware that not all start-up expenses can be deducted on your tax return right away.

Tax & Accounting

Dec 16, 2019

Plug in Tax Savings for Electric Vehicles

Are you interested in joining the growing ranks of plug-in electric vehicle owners? Find out about the federal income tax credit you might be able to claim.

Tax & Accounting

Dec 16, 2019

Check Your Refund — Find out Why the IRS Might Not Send It

In most cases, refunds are routinely sent to taxpayers within a few weeks. However, there may be delays or worse!

Tax & Accounting

Dec 16, 2019

Selling Your Home? Consider These Tax Implications

Are you selling your principal residence? You may be able to exclude up to $250,000 of gain. Here are the tax rules for home sales.

Tax & Accounting

Dec 16, 2019

The Chances of IRS Audit Are down but You Should Still Be Prepared

Here are the latest audit statistics, as well as some tips on how to survive an IRS examination.

Tax & Accounting

Dec 16, 2019

Moving States During Retirement? Don’t Forget About Taxes

Before deciding where you want to live in retirement contact us so you can avoid any unpleasant tax surprises.

Tax & Accounting

Dec 23, 2019

IRA Charitable Donations Are an Alternative to Taxable Required Distributions

If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity.

Tax & Accounting

Mar 27, 2020

Highlights from IRS Extension Relief Q&A

Understand the special Federal income tax return filing and payment relief deadlines.

Tax & Accounting

Mar 27, 2020

How the COVID-19 Economic Stimulus Bill Would Affect Not-For-Profits

What your Not-For-Profit needs to know regarding the new stimulus bill.

Tax & Accounting

Apr 26, 2020

Lookout for Coronavirus Scams

Watch out for schemes tied to economic impact payments.

Tax & Accounting

Sep 28, 2020

Didn’t File a Tax Return? Claim Your Economic Impact Payment

IRS will mail letters urging individuals or married couples who did not file an income tax return to use the Non-Filers Tool to claim their Economic Impact Payment.

Tax & Accounting

Oct 5, 2020

Tax Calculation: Business Meals and Entertainment

The IRS issues final rules in the tax calculation of business meals and entertainment after questions raised regarding Tax Cuts and Jobs Act.

Tax & Accounting

Dec 13, 2020

16 Cost-Cutting Measures That Small Businesses Should Consider

Many small business owners are looking forward to the end of 2020. It’s been a year of significant hardship and stress. Here are 16 ideas to help reduce costs without sacrificing quality in the new year.

Tax & Accounting

Dec 15, 2020

Tips for Estate Planning at the end of 2020

There are still good reasons to review your estate plan and possibly update it to reflect the current federal estate and gift tax regime as well as life events.

Tax & Accounting

Feb 22, 2021

Six Last-Minute Ideas for Your 2020 Personal Return

Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020.

Tax & Accounting

Feb 22, 2021

How Can Business Owners Lower Last Year’s Tax Bill?

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years. Consider these ideas before you file last year’s return.

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