12.7.20
The QBI Deduction Basics and A Year-End Tax Tip That Might Help You Qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as…
12.1.20
Finding Fraud: How to Balance The Rights Of Employers And Employees
Most fraud-prevention guidance advises owners and manager to monitor employees. But what exactly does this mean? Are you legally entitled to monitor employee computer use?…
11.30.20
Do You Know the “Hidden” Advantage of HSAs?
A Health Savings Account (HSA) coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis. For…
11.30.20
Catching up on Catch-up Contributions
When it comes to retirement planning, many people tend to focus on two things: opening a retirement savings account and then eventually drawing funds from…
11.30.20
The Tax Impact of Business Property Remediation
If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be tax-deductible as ordinary and necessary business…
11.30.20
ABLE Accounts Help Those With Disabilities
There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits…
11.28.20
Small Businesses: Cash in on Depreciation Tax Savers
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other…
11.26.20
The Importance of S Corporation Basis and Distribution Elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses…
11.25.20
‘Tis The Season for Charity — and Charity Fraud
Americans generally feel generous during the holidays and usually are eager to donate to worthy charitable causes. At the same time, they’re so busy and…
11.24.20
IRS Confirms the Non-Deductibility of PPP Loan Related Expenses
In April, the Internal Revenue Service (IRS) released Notice 2020-32 to address the deductibility of certain expenses relating to the Paycheck Protection Program (PPP). Ordinarily,…