Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction, or
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. Even though a small percentage of
According to the Federal Trade Commission, veterans lost approximately $60 million to fraud in 2020. Active-duty military personnel and their spouses and dependents also suffered big financial losses to fraud
Cryptocurrency has gone mainstream, and if you have been sitting on the fence about accepting donations in virtual currency, it is time to make a decision. But before your non-profit
As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of
In some cases, it may be desirable to move a trust to a more favorable jurisdiction. However, moving a trust from one state to another can present significant risks, so
The American Rescue Plan Act (ARPA), signed into law earlier this year, amended and extended the tax credits available to eligible employers that provide paid sick and family leave. This
Agility — or the ability to react quickly — is essential to surviving and thriving in today’s competitive landscape. Though agile techniques were originally used in the realm of software
There is a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It is called the “Trust Fund
Without trust between you and your employees, your business probably would not be very successful. Delegating responsibility, sharing ideas, working as a team — all require a certain level of
