by Megan Kosciolek, MST | Apr 24, 2024 | Uncategorized
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates. The Biden...
by Megan Kosciolek, MST | Apr 7, 2024 | Uncategorized
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you inherit a tax-favored retirement account, including a traditional...
by Megan Kosciolek, MST | Mar 28, 2024 | Blog, Tax, Uncategorized
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The...
by Megan Kosciolek, MST | Mar 5, 2024 | Business, Tax, Uncategorized
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for...
by Megan Kosciolek, MST | Feb 22, 2024 | Uncategorized
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up...
