Shawn Layo Headshot Tax Partner at Danniblr & McKee LLP

What’s in President Joe Biden’s Tax Plan?

  Throughout the 2020 presidential debates, and subsequent election, we have been inundated with information regarding Joe Biden’s tax reform. On May 28, 2021, President…

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Tax Calendar

July 15 If the monthly deposit rule applies, employers must deposit the tax for payments in June for Social Security, Medicare, withheld income tax and…

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A Tax Quirk of Being a Business Partner

If you’re a partner in a business, you may have encountered a situation that gave you pause. In any given year, you may have been…

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Are Scholarships Taxable?

Many young adults are heading off or back to college in the fall. It’s particularly exciting this year because of high hopes that, thanks to…

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Family Businesses Must Beware of Fraud

Family businesses make up a huge percentage of companies in the United States and produce much of the country’s gross domestic product. Generally defined as…

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Curtailing Tax Surprises With Cryptocurrency

As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views…

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10 Facts About the Pass-Through Deduction for Qualified Business Income

  Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction. The…

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Tackling Volunteer Liability Issues

During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as a great relief to welcome…

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Connecting Your Succession Plan to Your Estate Plan

For any business owner, contractors included, putting together a succession plan may seem like an overwhelming task. Often, among the most difficult things to conceptualize…

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Eligible Businesses: Claim the Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in…