RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Feb 2021 09:00:00 -0600 Mon, 01 Feb 2021 09:00:00 -0600 What's New for 2020 Tax Returns Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 Taxable vs. Nontaxable Income Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 Tax Filing Season Starts February 12 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 Social Security Benefits and Taxes: The Facts Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 Employer Tax Credit Extended for Payroll Workers Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 The COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 Important Tax Changes for Individuals and Businesses Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 Identity Protection PIN Available To All Taxpayers Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 Credit Reports: What You Should Know Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 IRS Says TCJA Allows Client and Prospect Business Meal Deductions Wed, 23 Jan 2019 09:00:00 -0600 Q&A: De Minimis or 179 Expensing or Bonus Depreciation? Question: I've been expensing the assets I buy for $2,500 or less using the de minimus safe harbor election. Does the new Tax Cuts and Jobs Act tax reform 100 percent bonus depreciation change the best tax treatment for asset purchases? Tue, 08 Jan 2019 09:00:00 -0600 2018 Last-Minute Business Deductions Fri, 28 Dec 2018 09:00:00 -0600 Saving Taxes with Qualified Charitable Distributions Those taking RMDs from their IRAs can get a tax break, even without itemizing, by giving to charity. Thu, 24 May 2018 09:00:00 -0500 4 Social Security Benefits You Didn't Know You Had Until Now Learn how to maximize your Social Security benefits Mon, 18 Aug 2014 09:00:00 -0500 A Guide to Claiming the Home Office Deduction on Your Taxes How to make sure your home office expenses can be properly deducted on your taxes. Fri, 28 Feb 2014 09:00:00 -0600