Blog
Stay up-to-date with the latest tax and financial information to help your household, business or organization navigate the ever-changing landscape of accounting.
Please note: Accounting, business or tax advice contained here is for general purposes only. If you need a thorough analysis of issues specific to your situation, please contact us to engage our tax and financial services.
Be on the Lookout for These IRS Letters in January
Jan 07, 2022
Now that 2021 has ended, it’s time to turn your thoughts to tax season. The first set of tax documents could be hitting your mailbox soon.
In January 2022, the IRS will…
How Long to Keep Financial Records
Dec 15, 2021
It’s normal to want to organize files and declutter old records, but you don’t want to throw important papers away if you might need them for taxes, home sales, insurance or…
12 Tax Deductions You Don't Want to Miss
Oct 19, 2021
No one likes having a hefty tax bill come April, but even worse is having a bill that could have been smaller if you’d only known what to look for. You’re probably familiar…
Three Tax Credits to Help You Save
Oct 19, 2021
Deductions are a great way to help save money on taxes. Although tax credits are not deductions, they can save you even more. Tax credits reduce your bill dollar for dollar,…
Three Key Things to Consider When Filing Your 2020 Tax Return
Feb 01, 2021
In the current year, even if you take the standard deduction, you can still take a charitable deduction on your tax return. For amounts totaling up to $300 of cash contributions…
Tips for preparing to file your tax return in 2021
Jan 05, 2021
Many state and federal departments are still frantically trying to catch up after 5+ months of COVID-19 shutdowns. There could be delays in how long it takes the IRS to process…
2020 Retirement Changes
Dec 02, 2020
New Rules in 2020 for Retirees
The year 2020 has brought us many things, including changes and relief when it comes to distributions from retirement…
Why Plan for Taxes?
Nov 18, 2020
Taxpayers are often surprised by their tax liability or refund when filing business and personal tax returns. Large tax liabilities could lead to underpayment penalties, while…
Tax Planning During the COVID-19 Pandemic
Oct 12, 2020
Looking back on the events in 2020 thus far, it is difficult to imagine when our “normal” lives will come back. While analysts can try to predict that timeline, there is no…
Kiddie Tax Rules Change Back for 2020
Mar 16, 2020
Good news! If you have kids under the age of 19 or full-time students under the age of 24, they might owe less in taxes because of a recent change to the "Kiddie Tax" rules.…
