25
May
INFLATION & INTEREST RATES: FINANCIAL STRATEGIES FOR BUSINESSES
Discover how inflation, rising interest rates, and market trends impact taxes, investments, and cash flow—and how to adapt your strategy....
07
Feb
UPDATED GUIDE TO ROBUST DEPRECIATION WRITE-OFFS FOR YOUR BUSINESS
Section 179 of the tax code provides opportunities for substantial first-year depreciation deductions when a business places newly acquired qualifying assets into service. The Sec. 179 deduction amounts change annually due to inflation adjustments and certain limitations apply. Additionally, it’s important to consider any available...
06
Dec
A VALUATION MAY LEAD TO A BETTER BUSINESS FUTURE
Valuations aren’t just useful for business owners seeking to retire or to sell their companies. A good way to view a valuation is as a checkup that can assist you in planning for a better future for the business. This article looks at the many...
19
Aug
A TAX BREAK FOR EDUCATORS
Teachers who are getting their classrooms ready for a new school year often pay for some of their classroom supplies out-of-pocket. They may be able to get some of that cost back by taking advantage of a special tax break for educators. This deduction improved...
22
Jul
6 STRATEGIES FOR IMPROVING COLLECTIONS
Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right at a point-of-sale terminal and customers go on their merry way. Of course, these enterprises face many other challenges. Here are some...
11
Sep
PLAN AHEAD FOR HEALTH SAVINGS ACCOUNTS IN 2024
The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). This article lists the benefits, requirements, and contribution limits of HSAs for 2023 and 2024....
21
Aug
YOUR ESTATE PLAN: DON’T FORGET ABOUT INCOME TAX PLANNING
As a result of the current estate tax exemption amount ($12.92 million in 2023), many people are no longer concerned with federal estate tax. This article points out that before 2011, a much smaller dollar amount resulted in many people attempting to avoid estate tax....
13
Mar
HAVE A FOREIGN ACCOUNT? FILE AN FBAR
In an increasingly global society, many taxpayers hold foreign accounts. This article explains the rules regarding who must file a Report of Foreign Bank and Financial Accounts (FBAR) with the government....
06
Mar
RECONSIDERING YOUR PERSONAL EMERGENCY FUND
Back in 2020 when the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test. Now, presumably with the benefit of some hindsight, the financially savvy might want to reconsider their approach to saving. This brief article discusses some key points...
23
Dec
HAVE YOU CONSIDERED A COST SEGREGATION STUDY?
Because of the economic impact of inflation, many companies may need to conserve cash and not buy much equipment this year. As a result, the business may not be able to claim as many depreciation tax deductions as in the past. However, if the company...
13
Jan
DO YOU KNOW YOUR TAX BRACKET?
The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of reductions or eliminations of certain tax breaks. This brief article explains why it’s important for taxpayers to know their brackets....
15
Apr
SMALL BUSINESS OWNERS SHOULD DOUBLE-CHECK THEIR TAX RETURNS
Now more than ever, small business owners need to double-check their tax returns before filing. Why? Because many of the changes ushered in by the Tax Cuts and Jobs Act take effect with the 2018 tax year. This brief article notes some important revisions....
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Taxes
20
Aug
ASSESSING YOUR EXPOSURE TO THE ESTATE TAX AND GIFT TAX
Every taxpayer with a high degree of wealth shouldn’t let estate tax liability or gift tax liability take their heirs by surprise. This article provides the latest info on estate and gift tax exclusions and exemptions, and explains how to help forecast one’s estate tax...
28
May
DO YOU HAVE YOUR OWN WEALTH MANAGEMENT PLAN?
Everyone should have a wealth management plan. But taking a boilerplate approach could prevent you from achieving your specific goals. This article raises some key points to consider when devising a truly customized plan....