Insights

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Year-end Giving Strategies for 2023

Make your year-end giving count! Discover the best strategies for 2023 to maximize your charitable contributions and tax savings in our latest article. Dive into the specifics of smart donating to ensure you're making the most of your generosity...
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Early Retirement Withdrawals: Avoiding the 10% Penalty

Uncover potential circumstances under which you can tap into your retirement savings early without facing hefty penalties. From qualifying plan specifics to the latest updates in IRA rules, this article is your go-to resource for penalty-free withdrawal strategies...
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End-of-year Tax Update: IRS News and Strategic Moves for 2023

Stay ahead with our end-of-year tax update for 2023, providing the latest IRS news and strategic moves you need to know. Discover key information to help you navigate your taxes efficiently and effectively...
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Determining Reasonable Compensation for S-Corp Owners

As an owner of an S-Corp, understanding the concept of reasonable compensation is crucial for tax planning and compliance. Learn about the IRS's reasonable compensation rules for determining how much should be taken in the form of wages versus pass-through income...
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Reducing Your Risk of an IRS Audit

Worried about getting audited by the IRS? Check out the statistics on IRS audits and tips to reduce your risk of being audited...
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Eight Essential Money Tips for New Grads

Graduation is exciting, but it also means taking control of your finances. Learn how to manage your money like a pro with these eight tips for new grads...
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Hiring Your Child Can Help You Save Big in Taxes

Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it's crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child...
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Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel...
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IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list...
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Scams Regarding the CARES Act Employee Retention Credit

We wanted to remind you about a recent Internal Revenue Service (IRS) warning urging people to carefully review ...
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Business Interest Expense: How Much Can You Deduct?

The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company's limit has changed starting with...
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Retirement plan changes for long-term, part-time employees

SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans...
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