RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Apr 2021 09:00:00 -0500 Thu, 01 Apr 2021 09:00:00 -0500 Q & A: The $10,200 Unemployment Tax Break A new tax break - in effect only for the 2020 tax year - allows you to exclude the first $10,200 of unemployment compensation from your taxable income. Thu, 01 Apr 2021 09:00:00 -0500 PPP Loan Deadline Extended Through May 31 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, extending the deadline to apply for a loan by an additional 60 days. Thu, 01 Apr 2021 09:00:00 -0500 Highlights of the American Rescue Plan Act Signed into law on March 11, the American Rescue Plan Act of 2021 contains several tax provisions affecting individuals and families. Thu, 01 Apr 2021 09:00:00 -0500 Federal Tax Deadline Extended To May 17 The federal income tax filing due date for individual taxpayers, including those who pay self-employment tax, has been extended to Monday, May 17, 2021. Thu, 01 Apr 2021 09:00:00 -0500 Economic Impact Payments: Round Three Starting March 12, the IRS began sending out the third round of economic impact payments via direct deposit, paper checks, and EIP Cards. Thu, 01 Apr 2021 09:00:00 -0500 Tax Breaks for Families With Children If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 Small Business Tax Roundup In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 Renting Out a Second Home Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 Capital Gains Tax on Sale of Stocks If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 Avoiding an IRS Tax Audit With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 Three Key Things to Consider When Filing Your 2020 Tax Return Mon, 01 Feb 2021 09:00:00 -0600 Tips for preparing to file your tax return in 2021 Tue, 05 Jan 2021 09:00:00 -0600 2020 Retirement Changes Wed, 02 Dec 2020 09:00:00 -0600 Why Plan for Taxes? Wed, 18 Nov 2020 09:00:00 -0600 Tax Planning During the COVID-19 Pandemic Mon, 12 Oct 2020 09:00:00 -0500 Kiddie Tax Rules Change Back for 2020 Mon, 16 Mar 2020 09:00:00 -0500 Get your tax refund faster, easier and safer with these tips Tue, 11 Feb 2020 09:00:00 -0600 Ready, Set, TAX TIME! 5 Steps to Help You Prepare for Your Tax Preparation Wed, 15 Jan 2020 09:00:00 -0600 Year-End Tax Planning Tips Tue, 03 Dec 2019 09:00:00 -0600 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 throughout the country. The taxpayer can benefit by deferring tax on eligible capital gains as long it is invested in an appropriate Qualified Opportunity Zone Fund (QOZF) and meets other requirements. Tue, 19 Nov 2019 09:00:00 -0600 Expanded & Modified Work Opportunity Tax Credit IRS Reminder for Employees - Expanded and Modified Work Opportunity Tax Credit (WOTC) Fri, 08 Jun 2018 09:00:00 -0500 Responding to and Resolving Notices from the IRS Wed, 21 Mar 2018 09:00:00 -0500 Buying & Selling with Section 1031: An Overview of Tax-Deferred "Like-Kind" Exchanges Sun, 04 Mar 2018 09:00:00 -0600 Paying Yourself First: Retirement Options for Individuals An overview of options for individuals as they plan for retirement at any age. These days, an employer pension plan is not usually enough to fully fund an individual's retirement. Fri, 16 Feb 2018 09:00:00 -0600