Employees: Do Not Forget About Your FSA Funds
Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements...
24 November, 2020
The accounting industry is always evolving amid complex rules and regulations. These articles feature timely updates on a variety of accounting topics.
The Importance of S Corporation Basis & Distribution Elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will...
23 November, 2020
Taking Distributions from a Traditional Individual Retirement Account
Although planning is needed to help build the biggest possible nest egg in your traditional individual retirement account (IRA) (including a Simplified Employee...
17 November, 2020
Health Savings Accounts for Your Small Business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested...
16 November, 2020
How Series EE Savings Bonds Are Taxed
Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or...
10 November, 2020
Low Tax Cost Cash Withdrawal from Your Closely-Held Corporation
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest...
09 November, 2020
Disability Income: How Is It Taxed?
Many Americans receive disability income. You may wonder if — and how — it is taxed. As is often the case with tax...
03 November, 2020
Tax Responsibilities for Businesses Closing Amid the Pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we are here to assist you in...
02 November, 2020
Divorcing Couples Should Understand These Four Tax Issues
When a couple is going through a divorce, taxes are probably not foremost in their minds. However, without proper planning and advice, some...
27 October, 2020