Milestone moments: How age affects certain tax provisions
July 9, 2025 | Kaitria LaFleure
Age affects certain tax provisions. If you have reached any of these milestone ages you should know the tax consequences.
Read MoreWorking after age 70½? Holding 401(k) withdrawals
March 27, 2019 | Brian Hare, CPA, CGMA
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception that applies to certain plan participants who are still working for the entire year in […]
An implementation plan is key = strategic goals
March 27, 2019 | Brian Hare, CPA, CGMA
In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — that can really challenge a company. The key to turning your strategic objectives into a […]
College student’s dependent tax credit
March 27, 2019 | Brian Hare, CPA, CGMA
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re noteligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as the child […]
Small business owners should set up a SEP retirement
March 27, 2019 | Brian Hare, CPA, CGMA
If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your 2018 income tax return. Contribution […]
2019 Q2 tax calendar: For businesses
March 27, 2019 | Brian Hare, CPA, CGMA
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing […]
The 2018 gift tax return deadline is almost here
March 27, 2019 | Brian Hare, CPA, CGMA
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing requirements Generally, you must file a gift tax return for 2018 […]
5 ways to give your sales staff the support they need
March 27, 2019 | Brian Hare, CPA, CGMA
“I could sell water to a whale.” Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales staffers might appear to be largely autonomous. Hand them something to sell, tell them a bit about it and let them do their thing — […]
Management to develop your succession plan
March 27, 2019 | Brian Hare, CPA, CGMA
As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their industries and markets tend to have a knack for staying on top. If that person is a company’s owner, however, great knowledge can turn into a vulnerability when he or she decides to retire or […]
Fixed assets & tax efficient for your business?
March 27, 2019 | Brian Hare, CPA, CGMA
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses that formerly leased assets are now deciding to buy them. Pros and cons of leasing From a cash flow perspective, leasing can be more […]
Vehicle-expense deduction for individual taxpayers
March 27, 2019 | Brian Hare, CPA, CGMA
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017, miles driven for business, moving, medical and charitable purposes were potentially deductible. For 2018 through […]