Is a Health Savings Account Beneficial For You?

Tuesday, December 12, 2023
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a...... Read More

Depreciating Business Assets Update

Monday, December 11, 2023
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments...... Read More

Use QuickBooks to prepare 2024 budgets and forecasts

Thursday, December 07, 2023
As year end nears, many businesses and nonprofits are planning for 2024. QuickBooks® provides budget and forecast features to help management make financial predictions, as well as assess “what if”...... Read More

What is the Tax Impact of Investment Swings?

Tuesday, December 05, 2023
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results...... Read More

Tax Concequences to Pay Attention to When Divorcing as a Business Owner

Monday, December 04, 2023
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership...... Read More

5 strategies to cut your company’s 2023 tax bill

Friday, December 01, 2023
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below...... Read More

FASB approves updated rules for disclosing income taxes

Thursday, November 30, 2023
On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure rules for income taxes. Here’s what’s changing and when those...... Read More

The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?

Wednesday, November 29, 2023
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will increase over 2023 amounts but...... Read More

Disabled Family Members May Be Able to benefit From ABLE Accounts

Tuesday, November 28, 2023
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which...... Read More

Tax Implications You May Have When Guaranteeing a Loan To A Corporation

Monday, November 27, 2023
Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of...... Read More