Insights

Thinking of Dumping Old Tax Records?

Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how...

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Still Waiting for the IRS to Cash Your Check?

During the COVID-19 pandemic, the IRS has furloughed many of its employees or had them work from home to mitigate the spread of the virus. Many IRS...

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What You Need to Know About Health Savings Accounts

The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way...

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Successful Employee Recruitment Strategies

This article is aimed at helping small businesses grow in the right direction through the recruitment process. Some of the best practices outlined in...

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Family Business Trends in a Post-COVID-19 World

This article discusses how the coronavirus pandemic has impacted the national economy, and in particular, family enterprises. However, being educated...

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Opportunity Zone Tax Incentive Benefits

This article discusses a rare opportunity that the Tax Cuts and Jobs Act have produced for investors in the United States. Long story short, this act...

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IRS Issues Guidance Regarding Payroll Tax Deferral

On Friday, August 28, the Internal Revenue Service (IRS) released Notice 2020-65, which offers guidance regarding the implementation of the...

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SBA and Treasury Release Additional PPP Guidance

On August 24, the Small Business Administration and Treasury made available a new set of guidance regarding Paycheck Protection Program (PPP)...

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Unique IRA Opportunities for 2020

As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts....

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You Should Be Keeping Home Improvement Records

Individuals who meet the 2-out-of-5-year use and ownership tests can exclude up to $250,000 ($500,000 if both filer and spouse qualify) of gain from...

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