Teachers and others can deduct eligible educator expenses this year — and more next year and beyond
September 4, 2025 | Paula Kennedy, EA
New deductions available for teachers under the OBBBA. If you are a teacher you will want to read this!
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Your estate plan: Don’t forget about income tax planning
June 21, 2022 | Paula Kennedy, EA
With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
Is your corporation eligible for the dividends-received deduction?
June 20, 2022 | Megan Kosciolek, MST
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.
Simple ways to make strategic planning a reality
June 16, 2022 | Brian Hare, CPA, CGMA
Every business needs to regularly engage in productive strategic planning. But that’s easier said than done. Let’s take a step back and simplify.
Help when needed: Apply the research credit against payroll taxes
June 16, 2022 | Akila Sivakumar
Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes.
Businesses: Prepare for the lower 1099-K filing threshold
June 16, 2022 | Paula Kennedy, EA
Starting with the 2022 tax year, filing and receiving 1099-K forms will be much more complicated for many businesses and self-employed individuals.
Calculating corporate estimated tax
June 13, 2022 | Brian Hare, CPA, CGMA
An important deadline is coming up for quarterly federal estimated tax payments. Here are four methods for corporations to compute them.
Partners may have to report more income on tax returns than they receive in cash
June 13, 2022 | Brian Hare, CPA, CGMA
If you’re involved in a partnership, you likely know it’s taxed differently than a C corporation. In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships. Here’s why.
Social Security benefits: Do you have to pay tax on them?
June 13, 2022 | Paula Kennedy, EA
Some people are under the misconception that Social Security benefits are always free from federal income tax. So they may be surprised to learn that benefits may be taxed in retirement. Here are the rules.
Is it a good time for a Roth conversion?
June 13, 2022 | Megan Kosciolek, MST
If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How? By converting a traditional IRA into a Roth IRA.
The ins and outs of Series EE savings bond taxation
June 13, 2022 | Ryan Burke, CPA, MSF
Do you own Series EE bonds? Take a look at the issue dates to see if the bonds are no longer earning interest. Here’s some information about how bond interest is taxed.