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News & Helpful Tips
A financial statement audit can give lenders, investors and other stakeholders greater confidence in your business’s financial reporting. But not
Life insurance can provide critical financial protection for the people who depend on you or help you achieve other estate
For many business owners, estate planning and succession planning go hand in hand. As the owner of a closely held
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers
Families that have children who are adopted, or stepchildren who haven’t been legally adopted, may face unique estate planning challenges.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible
Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up
A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax
Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022.
A primary purpose of estate planning is to ensure that your wealth is distributed according to your wishes after you
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021
It’s difficult for many people to think about their mortality, so it’s not surprising to learn that many put off
Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an
Although your will or revocable trust governs the distribution of many or most of your assets, certain assets — such
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax
If you’re married and have children from a previous marriage plus children or stepchildren from your current marriage, your family
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest
Hopefully, you already have a sound estate plan in place to protect the interests of your heirs and minimize potential
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep