12.21.20
What’s Your Taxpayer Filing Status?
For many, December 31 means a New Year’s Eve celebration. From a tax perspective, however, it should mean thinking about the filing status you’ll use…
12.21.20
Intrafamily Loans and a Family Bank
Among the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But…
12.21.20
Handle Mutual Funds Carefully at Year End
As we approach the end of 2020, now is a good time to review any mutual fund holdings in your taxable accounts and take steps…
12.21.20
Businesses Should Review Sales Tax Laws
It’s been more than two years since the U.S. Supreme Court ruled in South Dakota v. Wayfair that states may require out-of-state sellers to collect…
12.14.20
Drive More Savings to Your Business With the Heavy SUV Tax Break
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. A Cap on Deductions…
12.14.20
Prevent Retail Return Fraud from Damaging Holiday Profits
For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly…
12.7.20
When Investigating Fraud, Beware of Bias
Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead to…
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…