Get tax breaks for energy-saving purchases this year because they may disappear
November 22, 2024 | Ryan Burke, CPA, MSF
This may be the last year to get tax breaks for energy saving purchases. Read the blog to find out more
Read MoreAn “innocent spouse” may be able to escape tax liability
August 17, 2022 | Paula Kennedy, EA
In some cases, a married couple files a joint tax return and one spouse is unaware of all the income of the other spouse. The spouse who is in the dark still must generally pay the tax bill even if the couple divorces. But there may be “innocent spouse” relief.
Key aspects of a successful wellness program
August 17, 2022 | Kaitria LaFleure
If your business wants to roll out a wellness program, or it already has one, be sure the initiative follows some best practices that other companies have learned over time.
Do you have an upcoming tax due for federal highway use?
August 10, 2022 | Brian Hare, CPA, CGMA
Truckers and other owners of certain heavy highway vehicles must generally file a federal highway use tax return by August 31, 2022. The tax can be paid to the IRS by filing electronically or on a paper form. This article explains the basic details about the requirement.
Is your business required to report employee health coverage?
August 10, 2022 | Brian Hare, CPA, CGMA
Form 1095-C is filed with the IRS and provided to employees of “applicable large employers” who are full-time employees. Which employers are affected and what must they do?
Estimated tax payments: Who owes them and when is the next one due?
August 10, 2022 | Paula Kennedy, EA
Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules.
Is it time for your business to fully digitize its accounts receivable?
August 10, 2022 | Brian Hare, CPA, CGMA
Many smaller businesses continue to suffer the downsides of paper-based accounts receivable processes. Here’s why prudently upgrading to a fully digital system can pay off in the long run.
How to treat business website costs for tax purposes
August 4, 2022 | Ryan Burke, CPA, MSF
How do you handle the costs involved in developing your business website for tax purposes? Here are the general rules.
Three tax breaks for small businesses
August 4, 2022 | Brian Hare, CPA, CGMA
You don’t have to be a large business to benefit from tax breaks. Here are 3 ways that eligible small businesses can save on taxes.
Is your withholding adequate? Here’s how to check
August 4, 2022 | Megan Kosciolek, MST
A big tax bill (or a large refund) may mean you don’t have the proper amount of tax withheld from your paycheck. Here’s how to make sure that doesn’t happen next year.
How to avoid the early withdrawal tax penalty on IRA distributions
August 3, 2022 | Paula Kennedy, EA
If you want to take money out of your traditional IRA before age 59½, you’ll generally have to pay an early withdrawal penalty on top of the regular income tax you’ll owe. But there are exceptions to avoid the penalty.