by Paula Kennedy, EA | Mar 8, 2022 | Tax
Despite the robust job market, there are still some people that have lost their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and professional...
by Paula Kennedy, EA | Mar 1, 2022 | Tax
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who...
by Paula Kennedy, EA | Mar 1, 2022 | Tax
Married couples, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a...
by Paula Kennedy, EA | Feb 8, 2022 | Tax
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the charitable donation. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income...
by Paula Kennedy, EA | Feb 3, 2022 | Business
Ever since the Affordable Care Act was signed into law, business owners have had to keep a close eye on how many employees they’ve had on the payroll. This is because a company with 50 or more full-time employees or full-time equivalents on average during the previous...
