Senior tax-saving alert: Make charitable donations from your IRA
December 11, 2024 | Caleb Pulst
Making charitable donations from your IRA. This can help Seniors save on their taxes.
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How to minimize the S corporation LIFO recapture tax
January 10, 2023 | Brian Hare, CPA, CGMA
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]
Renting to a relative? Watch out for tax traps
January 7, 2023 | Megan Kosciolek, MST
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]
What Business Owners Need to Know: Guaranteed Payments and the QBI Deduction
December 22, 2022 | Megan Kosciolek, MST
Business owners quick guide to Guaranteed Payments and QBI Deductions.
2023 Q1 tax calendar: Key deadlines for businesses and other employers
December 22, 2022 | Ryan Burke, CPA, MSF
Read to learn all about key deadlines for 2023 Q
Selling stock by year-end? Watch out for the wash sale rule
December 19, 2022 | Paula Kennedy, EA
Don’t sell your stock shares at a loss until you read about the wash sale rule.
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
December 15, 2022 | Megan Kosciolek, MST
Read to learn if your business qualifies for a QBI deduction.
Choosing a business entity? Here are the pros and cons of a C corporation
December 10, 2022 | Ryan Burke, CPA, MSF
Summary of the advantages and disadvantages of starting a C-Corporation.
Strategies for investors to cut taxes as year-end approaches
December 7, 2022 | Brian Hare, CPA, CGMA
Tax-harvesting. When is the right time to use this strategy?
Is your business closing? Here are your final tax responsibilities
December 4, 2022 | Megan Kosciolek, MST
Read to learn about final tax responsibilities when you are closing your business.
Year-end giving to charity or loved ones
November 30, 2022 | Paula Kennedy, EA
Basic Tax Rules for donating to Charity or Loved Ones this holiday season.