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.
Why Plan for Taxes?
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
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
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.…
Get your tax refund faster, easier and safer with these tips
According to the Internal Revenue Service and the Kansas Department of Revenue, more taxpayers are receiving their refunds faster, easier and safer by using e-file and direct…
Year-End Tax Planning Tips
As we approach the end of another year, it is a good time to think of planning strategies that will help lower your 2019 tax bill as well as provide reasonable expectations for…
Qualified Opportunity Zone Funds - Could These Benefit You?
With the passing of the Tax Cut and Jobs Act in 2017, Qualified Opportunity Zones were created to help economic development and job creation in distressed communities…
Expanded & Modified Work Opportunity Tax Credit
Employers can claim a credit against income tax of a percentage of first-year wages if they hire employees of specific groups who face employment hindrances. Currently,…
Responding to and Resolving Notices from the IRS
You receive a notice from the Internal Revenue Service, (IRS)! What should you do? Most importantly, understand that you are not alone. The IRS sends millions…
Buying & Selling with Section 1031: An Overview of Tax-Deferred "Like-Kind" Exchanges
Do you own a rental property that has appreciated and you’d like to buy more rental properties? Do you own a retail or commercial property that is no longer serving your needs?…
Paying Yourself First: Retirement Options for Individuals
Long gone are the days where a worker could rely on an employer pension plan to completely fund their retirement years. It is now the responsibility of the individual to properly…
