Don't Overlook These Two Essential Estate Planning Strategies
When it comes to estate planning, there’s no shortage of techniques and strategies available to reduce your taxable estate and ensure your wishes are ...
The IRS Clarifies What Counts as Qualified Medical Expenses
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs).
The Tax Advantages of Hiring Your Child This Summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking ...
Take Advantage of the Rehab Tax Credit When Altering/Adding to Space
If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax ...
EV Tax Credit 2023: What’s Changed and What’s Ahead
Electric vehicles are gaining in popularity – and for a good reason. Not only are they environmentally friendly, but they also have tax benefits. In ...
Federal Tax Credits and Deductions for Family Caregivers
Caring for children, elderly family members, and others can be expensive as well as physically and emotionally demanding. Although the IRS doesn’t ...
President Biden’s Proposed Budget Includes Notable Tax Provisions
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by ...
U.S. Supreme Court rules against the IRS on critical FBAR issue
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of ...
Many Tax Limits Affecting Businesses Have Increased For 2023
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. ...