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 MorePTO contribution can help employees & business
January 11, 2019 | Brian Hare, CPA, CGMA
As the year winds to a close, most businesses see employees taking a lot of vacation time. After all, it’s the holiday season, and workers want to enjoy it. Some businesses, however, find themselves particularly short-staffed in December because they don’t allow unused paid time off (PTO) to be rolled over to the new year, […]
Getting ahead of the curve on emerging technologies
January 11, 2019 | Brian Hare, CPA, CGMA
Turn on your computer or mobile device, scroll through Facebook or Twitter, or skim a business-oriented website, and you’ll likely come across the term “emerging technologies.” It has become so ubiquitous that you might be tempted to ignore it and move on to something else. That would be a mistake. In today’s competitive business landscape, […]
Check deductibility before making year-end charitable gift
December 19, 2018 | Brian Hare, CPA, CGMA
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax planning strategy. But with the tax law changes that go into effect in 2018 and the many rules that apply to the charitable deduction, it’s a […]
Does prepaying property taxes make sense anymore?
December 19, 2018 | Brian Hare, CPA, CGMA
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018? The answer, for some people, is yes — accelerating this expense will increase their itemized deductions, reducing their tax bills. But […]
Family businesses need succession plans, too
December 19, 2018 | Brian Hare, CPA, CGMA
Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way. Not necessarily. In one all-too-common scenario, two of the owner’s children inherit […]
2019 Q1 tax calendar: Deadlines for businesses
December 19, 2018 | Brian Hare, CPA, CGMA
Here are some of the key tax-related deadlines affecting businesses and other employers during the first 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 requirements. January […]
Devote some time to internal leadership development
December 19, 2018 | Brian Hare, CPA, CGMA
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory or supply chain. But there’s at least one other success factor that many business owners often overlook: internal leadership training and development. Even if all your executive and management positions […]
Estimates vs. actuals: Was your budget reasonable?
December 14, 2018 | Brian Hare, CPA, CGMA
As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by comparing its estimates to actual results. Your objective is to determine whether your budget was […]
When holiday gifts & parties are deductible / taxable
December 14, 2018 | Brian Hare, CPA, CGMA
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or sending out invitations, though, it’s a good idea to find out whether the expense is tax deductible and whether it’s taxable to the recipient. Here’s […]
Tax reform expands availability of cash accounting
December 14, 2018 | Brian Hare, CPA, CGMA
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and, if so, consider […]