In general, the value of statutory fringe benefits paid to employees is exempt from federal income tax. But special rules apply to S corporation shareholders wh...
How to Make Filing Your Taxes a Non-Event
Oct 13, 2021How did your last tax filing go? Were you stressed out? Surprised by a big tax bill? Angry at your accountant? If you’re like many business owners, filing you...
Reap Tax Rewards from Securities Harvest This Fall
Jul 27, 2021With autumn coming up in a couple months, it’s time to think about “harvesting” capital gains or losses from sales of securities. In addition,...
Tax Planning Tips for Individuals
Oct 09, 2020It is the 4th quarter, it’s time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. There are...
Tax Planning Tips for Business Owners
Oct 09, 2020The 4th quarter of 2020 has begun and it is more important than ever to consider mid-year tax planning ideas. What steps can business owners take today to lower...
Purchasing a Business Vehicle – What Is Deductible for 2020?
Aug 11, 2020Purchases of a new and used business vehicle may qualify for tax breaks under current tax law. If you need a new vehicle to use for business purposes, review th...
Midyear Tax Planning Strategies for Individuals
Aug 06, 2020The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it’s time to think about your current federal tax situation...
Tax Planning Strategies to Reduce AGI
Oct 15, 2019Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten tax planning strategies to reduce your AGI (and modified AGI) o...
IRS Announces Changes for Personal Use of Employer-Provided Vehicles
Jun 10, 2019The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn’t co...
How Can Small Business Owners Reduce Taxes?
May 24, 2019If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects So...