Blogs & Insights | Hutchinson & Bloodgood LLP

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Posted in: Estate Planning

Watch out for “income in respect of a decedent” issues when receiving an inheritance

April 23, 2024 0

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too […]

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Posted in: Business Planning & Consulting

Why some businesses choose to execute a pivot strategy

April 18, 2024 0

Why some businesses choose to execute a pivot strategy

When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying […]

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Posted in: Retirement Planning

Don’t have a tax-favored retirement plan? Set one up now

April 16, 2024 0

Don’t have a tax-favored retirement plan? Set one up now

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for […]

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Posted in: Technology

10 Ways Cloud Computing Can Benefit Manufacturers

April 16, 2024 0

10 Ways Cloud Computing Can Benefit Manufacturers

The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the […]

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Posted in: Payroll

7 common payroll risks for small to midsize businesses

April 10, 2024 0

7 common payroll risks for small to midsize businesses

If your company has been in business for a while, you may not pay much attention to your payroll system so long as it’s running […]

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Posted in: Tax Planning

Keep these 3 issues in mind after you file your return

April 9, 2024 0

Keep these 3 issues in mind after you file your return

The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until […]

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Posted in: Tax Planning

FAQs on the General Business Credit

April 8, 2024 0

FAQs on the General Business Credit

The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” credit that encompasses various business-related […]

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Posted in: Tax Planning

The tax deadline is almost here: File for an extension if you’re not ready

April 4, 2024 0

The tax deadline is almost here: File for an extension if you’re not ready

The April 15 tax filing deadline is right around the corner. However, you might not be ready to file. Sometimes, it’s not possible to gather […]

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Posted in: Technology

A general look at generative AI for businesses

April 3, 2024 0

A general look at generative AI for businesses

If you follow the news, you’ve probably heard a lot about artificial intelligence (AI) and how it’s slowly and steadily expanding into various aspects of […]

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Posted in: Tax Planning

Should Married Couples File Jointly or Separately?

April 1, 2024 0

Should Married Couples File Jointly or Separately?

Once you’re married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing separately. […]

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Posted in: Nonprofit Organizations

6 Potential Tax Deductions for Nonprofits

March 29, 2024 0

6 Potential Tax Deductions for Nonprofits

In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek to offset […]

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Posted in: Technology

Generative AI Can Help Prevent, Detect and Investigate Fraud

March 28, 2024 0

Generative AI Can Help Prevent, Detect and Investigate Fraud

You may already be familiar with artificial intelligence (AI) and even use it in business applications. What about generative AI (Gen AI)? Gen AI typically is […]

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