All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.
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Don't Run the Risk of a High Tax Bill! - Know when you should ask for professional help.
Did your paycheck seem a little higher? If so, it could be a tax time bomb.
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Is a Tax Time Bomb Lurking in Your Paycheck?
Here's the best way for a small business to fight embezzlement. Also read about how to better take care of your employees in the midst of the economic uncertainty everyone has been facing this year.
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Tax & Business Newsletter: September 2020
If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Tuesday, September 15th.
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Reminder: Third Quarter Estimated Taxes Due - Now is the time to make your estimated tax payment
Donating stock to charities instead of cash could mean bigger tax savings for you. Here's what you need to know.
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Tax Planning Insights: September 2020
Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas.
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Tax Shifting Ideas to Reduce Your Bill to Uncle Sam - Is there a taxable income reduction idea you can use?
Having your tax return reviewed by the IRS is never fun. Here are suggestions to ensure you come out on the right side of an audit.
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Tax Planning Insights: October 2020
If you recently changed your name due to marriage or divorce, do not get caught in the nightmare of a rejected or changed tax return by the IRS.
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Avoid Name Mismatch Audits
Find out if a tax trap is lurking in your paycheck and what to do with your 401(k) when switching jobs. Also read about business website mistakes and fascinating facts about your favorite fall gourd.
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Client Update Newsletter: October 2020
When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.
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The Lost Art of Tracking Home Improvements - How a tax law makes us sloppy and creates a tax risk
Quiz: Which famous character made tax filing popular?
More income is subject to Social Security in 2021 and new benefit amounts have been announced. Plus lots of great ideas to save you, your family and your business money is in this month's letter.
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Client Update Newsletter: November 2020
Quiz: What was the first income tax rate?
If you own a home you probably itemize your deductions on your tax return. But what if you do not itemize? Can someone using the standard deduction still get a tax break?
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Tax Savings for Non-Itemizers - Can't itemize? There are still tax breaks for you
Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.
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To Amend or Not Amend? - Is it always a good idea to amend your tax return if you find an error?
Bolster your business's credit rating to make it easier to borrow cash when you need it. Also read about how applying for forgiveness for your Paycheck Protection Program loan just got a lot easier.
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Tax & Business Newsletter: October 2020
The Social Security Administration recently announced their 2021 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.
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2021 Social Security Changes Announced
Plan now to make your 4th quarter estimated tax payment.
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Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment
More stimulus payments are on the way! Also ready about the latest PPP loan update, find out how much you can contribute to your retirement fund in 2021 and see Uncle Sam's New Year's resolutions.
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Client Update Newsletter: January 2021
Here are the standard mileage rates for 2021.
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2021 Mileage Rates are Here! - New mileage rates announced by the IRS
Getting divorced? All assets are not created equal.
Are you capturing all the tax benefits built into homeownership? Here are the most common.
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Your Home. A Bundle of Tax Benefits.
Unlike fishing, phishing has no limits and can hurt anyone it touches. As one of the top 12 IRS tax scams, you do not want to take this bait. Here is what you need to know.
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Gone Phishing?
There are a few areas within the tax code that can cause an unpleasant surprise when encountered. Thankfully they do not happen too often. Here are six you should know about.
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Oops! I Wish I Knew That.
Read about three time-tested steps you can take to start implementing your 2021 tax planning strategy. Here's what you need to know.
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Tax Planning Insights: February 2021
After a long pilot program, the IRS is making its identity theft PIN program available to all taxpayers. Here is what you need to know.
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IRS Identity Theft Program NOW OPEN! - New one-time use PIN option available for all
Learn about a new tool to protect your tax return from would-be thieves. Plus find out how you are giving away the most valuable thing you own!
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Client Update Newsletter: February 2021
Is your retirement tax efficient?
So many 1099's. How do you keep them all straight? Here is a quick review of the most common 1099's to help you prepare to file your tax return.
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Alert: Look for New 1099 NEC - Your 1099's are coming soon
