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Blog

Workers In Family Business Standing Next To Van
Posted in: Tax Planning

Hiring family members can offer tax advantages (but be careful)

June 23, 2023 0

Hiring family members can offer tax advantages (but be careful)

Summertime can mean hiring time for many types of businesses. With legions of working-age kids and college students out of school, and some spouses of […]

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Mother and son sitting at the table working on a science project
Posted in: Retirement Planning

Are you married and not earning compensation? You may be able to put money in an IRA

June 22, 2023 0

Are you married and not earning compensation? You may be able to put money in an IRA

When one spouse in a married couple is not earning compensation, the couple may not be able to save as much as they need for […]

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Business,documents,and,touchpad,with,charts,on,desk
Posted in: Business Planning & Consulting

In financial planning, forecasts and projections aren’t the same

June 15, 2023 0

In financial planning, forecasts and projections aren’t the same

Businesses are rightly encouraged to regularly generate professionally prepared financial statements. Doing so is important for both understanding your own financial position and providing accurate, […]

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Calculator with read out MEDICAIRE on top of dollar bills next to a spilled bottle of pills
Posted in: Tax Planning

When can seniors deduct Medicare premiums on their tax returns?

June 13, 2023 0

When can seniors deduct Medicare premiums on their tax returns?

If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you […]

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Beautiful Business Woman Owner Selling Online Using Tablet To Chat With Customer.
Posted in: Business Planning & Consulting

Got a “Business” Idea? You Might Want to Form a Nonprofit

June 12, 2023 0

Got a “Business” Idea? You Might Want to Form a Nonprofit

Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such […]

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Smiling Senior Business Leader Embracing Coworkers
Posted in: Estate Planning

Ways to Secure Your Estate Plan

June 8, 2023 0

Ways to Secure Your Estate Plan

Estate planning isn’t just for the rich and famous. For example, you may have family heirlooms (such as jewelry or artwork) or real property that […]

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Diverse Businesspeople Gathered Together For Negotiations Lead By African Businesswoman
Posted in: Payroll

10 Payroll Issues for Small Businesses

June 7, 2023 0

10 Payroll Issues for Small Businesses

You may not think of your small business’s payroll function as risky. But if you don’t properly handle certain payroll challenges, you may risk IRS […]

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Net Investment Income with three blocks that spell TAX
Posted in: Tax Planning

Reduce the impact of the 3.8% net investment income tax

June 6, 2023 0

Reduce the impact of the 3.8% net investment income tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax […]

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Social media icones, including YouTube, Instagram and Vine on a wood background
Posted in: Social Media

How to Outsmart Social Media Scammers

June 5, 2023 0

How to Outsmart Social Media Scammers

With billions of users worldwide, social media platforms can be a breeding ground for illicit activity — from simple identity theft to sophisticated and wide-ranging […]

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Multi-generational family walking down a country road.
Posted in: Tax Planning

Saving for Your Child’s Education? Consider a Custodial Account

June 2, 2023 0

Saving for Your Child’s Education? Consider a Custodial Account

If you’re looking to save for your child’s or grandchild’s education, you may have several options, including 529 plans, Coverdell education savings accounts (ESAs) and […]

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Businessman,sitting,in,his,car,,he,is,planning,and,scheduling
Posted in: Tax Planning

Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses

May 31, 2023 0

Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or […]

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Women with dark curly hair sitting at desk working on her laptop
Posted in: Estate Planning

Estate Planning Considerations if You’re Single, With No Children

May 30, 2023 0

Estate Planning Considerations if You’re Single, With No Children

If you aren’t married and have no children, you may think you don’t need an estate plan. But nothing could be further from the truth. […]

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