Taxes

Year-End Tax Planning Opportunities Are Here Article Highlights: Not Needing to File a 2023 Return? Are Your Children Attending College? Did You Sell Your Home This Year? Do You Have an Employer Health Flexible Spending Account? Did You Become Eligible to Make Health Savings Account

December 2023 Individual Due Dates December 1 - Time for Year-End Tax Planning December is the month to take final actions that can affect your tax result for 2023. Taxpayers with substantial increases or decreases in income, changes in marital status or dependent status, and

December always seems to fly by. In just a few short weeks, Thanksgiving dinner will be over and it will be time to welcome the New Year. The holiday season brings personal obligations, but for retailers, it's also the busiest time of the year. Even

As a business owner, understanding the value of your company is crucial for various scenarios, from transactions to tax reporting, financial reporting, and even potential litigation. In this comprehensive guide, we’ll address ten commonly asked questions about business valuations, providing you with the knowledge you

In the relatively new content creation industry, creators often find themselves in unique – and, frankly, bizarre – tax situations in their quest to go viral or amass a major following. What people don’t always of them don't realize, however, is that these extraordinary experiences

Article Highlights: Annual Gift Tax Exemption Gift Splitting Lifetime Estate Tax Exemption Education Exception Medical Exception Qualified Tuition Plan Contributions Spouse’s Unused Estate Tax Exclusion States With Estate Taxes Why Should You Be Concerned? Gift & Estate Tax Rates Gift and estate taxes are both

As a taxpayer and business owner, you may be considering converting your personal vehicle to business use. This decision can offer significant tax and financial advantages, but it's crucial to understand the process and legal implications. Here's a step-by-step guide to help you navigate this

Article Highlights: Potential Credit Eligible Employees Credit Determination Certification Process Other Issues The Work Opportunity Tax Credit (WOTC)allows employers who are willing to help disadvantaged individuals to benefit from a substantial federal tax credit.   The WOTC is typically worth up to $2,400 for each

In today's dynamic financial landscape, it's imperative to explore innovative ways to save and grow your nest egg. This comprehensive guide outlines practical and proven savings hacks that can significantly enhance your financial security and future prosperity. 1.  Craft a Comprehensive Budget: The foundation of

Filing taxes can be a complex process, and it's not uncommon for mistakes to occur. Whether it's a simple miscalculation or a more significant error, knowing how to navigate IRS tax problems is crucial for taxpayers. In this guide, we'll walk you through the steps