The EV Tax Debate: Should Electric Vehicle Owners Pay More to Use the Roads?

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As electric vehicle (EV) adoption accelerates across the U.S., states are grappling with a major funding dilemma: how to replace the billions of dollars traditionally generated by gasoline taxes, which have long funded infrastructure and road…

The Retirement Catch-Up Plan: Maximize Tax Savings in Your 40s and 50s

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You’ve hit your 40s or 50s, and suddenly, retirement doesn’t feel like a distant mirage. It’s real. The countdown is on. But here’s the good news: You’re in a prime position to play catch-up and fortify your future, using smart tax…

Special Provisions for Qualified Performing Artists’ Employee Business Expense Deductions

Article Highlights The World of Performing Arts Understanding the Basics Qualifications for Performing Artists Special Considerations for Married Performers Maintain Adequate Records Types of Deductible Expenses Recordkeeping…

How Community Property Laws Impact Beneficial Ownership for Spouses

Article Highlights: Background of the Corporate Transparency Act Reporting Requirement Beneficial Ownership Community Property Laws and Beneficial Ownership Spouses and Beneficial Ownership Reporting Implications for Reporting…

Education Savings: How a Sec 529 Plan Can Transform Your Family's Future

Article Highlights: What is a Sec 529 Plan? Tax Benefits of Sec 529 Plans Funding a Sec 529 Plan Who Can Contribute to a Sec 529 Plan Gift Limitation and the 5-Year Option Form 709 and Making Up Contributions Higher Education…

Who Needs to File a Tax Return in 2024

Article Highlights: Factors That Affect Whether Someone Needs to File a Tax Return Gross Income Required Filing Threshold 2023 Filing Thresholds by Filing Status Self-employment Status Status as a Dependent Some Individuals…
Demystifying Business Valuations

Demystifying Business Valuations: A Guide for Informed Decision-Making

As a business owner, understanding the value of your company is crucial for various scenarios, from transactions to tax reporting, financial reporting, and even potential litigation. In this comprehensive guide, we’ll address ten commonly…

Business Growth: How to Plan for (and Make the Most of) This Critical Stage 

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While it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true. The start-up phase, for example, is when you write…

Multiple Tax Needs Filled By Health Savings Accounts

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Article Highlights: Medical Savings Account Retirement Account High-Deductible Plan Eligible Individuals Monetary Qualification for an HSA  Qualification Chart Maximum Contributions Establishing an HSA The Health…
March 2022 Tax Due Dates & Reminders

March 2022 Tax Due Dates & Reminders

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March 2022 Individual Due Dates March 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than…