by Paula Kennedy, EA | Jul 29, 2026 | Uncategorized
Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But the tax treatment of mutual funds isn’t so simple. How are mutual funds taxed? If you sell appreciated mutual fund shares, the resulting profit will...
by Paula Kennedy, EA | Jul 8, 2026 | Uncategorized
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the accrual method. But certain small businesses can elect to use the cash method. You may...
by Paula Kennedy, EA | Jun 24, 2026 | Uncategorized
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of course a large profit is generally a good thing. But, depending on the amount of your gain, how long you’ve...
by Paula Kennedy, EA | Jun 3, 2026 | Uncategorized
Many modern businesses rely heavily on intangible assets, such as goodwill, trademarks, customer lists, proprietary processes and intellectual property. These assets can hold significant value, especially when a business is sold, ownership changes hands, or...
by Paula Kennedy, EA | May 14, 2026 | Uncategorized
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency for tax purposes may be more complicated than you expect. Before moving,...
