WHAT'S YOUR POTENTIAL BUSINESS VEHICLE DEDUCTION

NEW DEDUCTION FOR QPP CAN SAVE SIGNIFICANT TAXES FOR MANUFACTURERS AND SIMILAR BUSINESSES

ARE YOU ELIGIBLE FOR MILEAGE DEDUCTIONS

INDIVIDUAL TAX CALENDAR: KEY DEADLINES FOR THE REMAINDER OF 2026

WHEN MEDICAL EXPENSES ARE - AND AREN'T - TAX DEDUCTIBLE

CHANGES TO CHARITABLE DONATION DEDUCTIONS ARE ON THE HORIZON

IF YOU'RE MARRIED, SHOULD YOU FILE JOINTLY OR SEPARATELY?

TO MAXIMIZE - OR NOT TO MAXIMIZE - DEPRECIATION DEDUCTIONS ON YOUR 2025 TAX RETURN

TAX FILING UPDATE FOR PASS-THROUGH ENTITES

TAX FILING FAQS FOR INDIVIDUALS

THERE'S STILL TIME TO SET UP A SEP AND REDUCE YOUR 2025 TAXES

HOW THE NEW TRUMP ACCOUNTS FOR CHILDREN WILL WORK

SIGNIFICANT CHANGES TO INFORMATION REPORTING GO INTO EFFECT FOR THE 2026 TAX YEAR

AVOIDING INADVERTENT S CORP TERMINATION

A NEW YEAR MEANS NEW TAX FIGURES FOR INDIVIDUALS

IMPORTANT 2026 TAX FIGURES FOR BUSINESSES

SHOULD YOUR BUSINESS MAXIMIZE DEDUCTIONS FOR REAL ESTATE IMPROVEMENTS NOW OR SPREAD THEM OUT?

THERE'S STILL TIME TO SAVE 2025 TAXES

6 LAST-MINUTE TAX TIPS FOR BUSINESSES

5 POTENTIAL TAX BREAKS TO KNOW BEFORE MOVING A PARENT INTO A NURSING HOME

SHIFT INCOME TO TAKE ADVANTAGE OF THE 0% LONG-TERM CAPITAL GAINS RATE

WHAT YOU NEED TO KNOW ABOUT DEDUCTING BUSINESS GIFTS

TAX COURT CASE PROVIDES LESSONS ON BEST RECORDKEEPING PRACTICES FOR BUSINESSES

REVIEW YOUR BUSINESS EXPENSES BEFORE YEAR END

THE 2025 SALT DEDUCTION CAP INCREASE MIGHT SAVE YOU SUBSTANTIAL TAXES

IS AN HDHP PLUS AN HSA A FINANCIALLY SMART HEALTH CARE OPTION FOR YOU?

HOW THE SOCIAL SECURITY WAGE BASE WILL AFFECT YOUR PAYROLL TAXES IN 2026

BOOST YOUR TAX SAVINGS BY DONATING APPRECIATED STOCK INSTEAD OF CASH

MAKING THE MOST OF THE NEW DEDUCTION FOR SENIORS

THE 2025 - 2026 "HIGH-LOW" PER DIEM BUSINESS TRAVEL RATES ARE HERE

THERE'S STILL TIME FOR BUSINESSES TO BENEFIT FROM CLEAN ENERGY TAX BREAKS

STARTUP COSTS AND TAXES: WHAT YOU NEED TO KNOW BEFORE FILING

PAYROLL TAX IMPLICATIONS OF NEW TAX BREAKS ON TIPS AND OVERTIME

THE POWER OF CATCH-UP RETIREMENT ACCOUNT CONTRIBUTIONS AFTER 50

IS COLLEGE FINANCIAL AID TAXABLE? A CRASH COURSE FOR FAMILIES

TEACHERS AND OTHERS CAN DEDUCT ELIGIBLE EDUCATOR EXPENSES THIS YEAR - AND MORE NEXT YEAR AND BEYOND

At back-to-school time, much of the focus is on the ...

ACT SOON: THE OBBBA ENDS CLEAN ENERGY TAX BREAKS

THE NEW LAW INCLUDES A GAME-CHANGER FOR BUSINESS PAYMENT REPORTING

NO TAX ON CAR LOAN INTEREST UNDER THE NEW LAW? NOT EXACTLY

THE NEXT ESTIMATED TAX PAYMENT DEADLINE IS COMING UP SOON

A TAX GUIDE TO CHOOSING THE RIGHT BUSINESS ENTITY

LOWER YOUR SELF-EMPLOYMENT TAX BILL BY SWITCHING TO AN S CORPORATION

WHAT FAMILIES NEED TO KNOW ABOUT THE NEW TAX LAW

MILESTONE MOMENTS: HOW AGE AFFECTS CERTAIN TAX PROVISIONS

THE NEW LAW INCLUDES FAVORABLE CHANGES FOR DEPRECIATING ELIGIBLE ASSETS

THE QBI DEDUCTION AND WHAT'S NEW IN THE ONE, BIG BEAUTIFUL BILL ACT

WHAT THE NEW TAX LAW COULD MEAN FOR YOU

SIGNIFICANT BUSINESS TAX PROVISIONS IN THE ONE, BIG, BEAUTIFUL BILL ACT

DIGITAL ASSETS AND TAXES: WHAT YOU NEED TO KNOW

CORPORATE BUSINESS OWNERS: IS YOUR SALARY REASONABLE IN THE EYES OF THE IRS?

HIRING INDEPENDENT CONTRACTORS? MAKE SURE YOU'RE DOING IT RIGHT

THE IRS RECENTLY ANNOUNCED 2026 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

QUESTIONS ABOUT TAXES AND TIPS? HERE ARE SOME ANSWERS FOR EMPLOYERS

HOW SECTION 1231 GAINS AND LOSSES AFFECT BUSINESS ASSET SALES

PLANNING A SUMMER BUSINESS TRIP? TURN TRAVEL INTO TAX DEDUCTIONS

5 TAX BREAKS ON THE TABLE: WHAT BUSINESS OWNERS SHOULD KNOW ABOUT THE LATEST PROPOSALS

EXPLORE SEP AND SIMPLE RETIREMENT PLANS FOR YOUR SMALL BUSINESS

AN ESSENTIAL TAX DEADLINE IS COMING UP AND IT'S UNRELATED TO YOUR 2024 RETURN FILING

UNDERSTANDING THE STEP UP IN BASIS WHEN INHERITING ASSETS

STILL HAVE TAX QUESTIONS? YOU'RE NOT ALONE

TAMING THE TAX TANGLE IF YOU'RE RETIRING SOON

6 ESSENTIAL TIPS FOR SMALL BUSINESS PAYROLL TAX COMPLIANCE

DISCOVER IF YOU QUALIFY FOR "HEAD OF HOUSEHOLD" TAX FILING STATUS

WHAT TAX DOCUMENTS CAN YOU SAFELY SHRED? AND WHICH ONES SHOULD YOU KEEP?

THE 2024 GIFT TAX RETURN DEADLINE IS COMING UP SOON

EXPLORING BUSINESS ENTITIES: IS AN S CORPORATION THE RIGHT CHOICE

CAN I ITEMIZE DEDUCTIONS ON MY TAX RETURNS?

YOU MAY BE ABLE TO MAKE A DEDUCTIBLE IRA CONTRIBUTION FOR LAST YEAR THIS YEAR

YOUR GUIDE TO MEDICARE PREMIUMS AND TAXES

LOOKING AHEAD TO 2025 TAX LIMITS AS YOU PREPARE TO FILE YOUR 2024 RETURN

THE STANDARD BUSINESS MILEAGE RATE INCREASED IN 2025

MANY BUSINESS TAX LIMITS HAVE INCREASED IN 2025

HOW INFLATION WILL AFFECT YOUR 2024 AND 2025 TAX BILLS

SELF-EMPLOYMENT TAX: A REFRESHER ON HOW IT WORKS

WHEN CAN YOU DEDUCT BUSINESS MEALS AND ENTERTAINMENT?

HEALTHY SAVINGS: HOW TAX-SMART HSA'S CAN BENEFIT YOUR SMALL BUSINESS AND EMPLOYEES

UNDERSTANDING YOUR OBLIGATIONS: DOES YOUR BUSINESS NEED TO REPORT EMPLOYEE HEALTH COVERAGE?

WORKING REMOTELY IS CONVENIENT, BUT IT MAY HAVE TAX CONSEQUENCES

FROM FLIGHTS TO MEALS: A GUIDE TO BUSINESS TRAVEL TAX DEDUCTIONS

THE AMOUNT YOU AND YOUR EMPLOYEES CAN SAVE FOR RETIREMENT IS GOING UP SLIGHTLY IN 2025

EMPLOYERS: IN 2025 THE SOCIAL SECURITY WAGE BASE IS GOING UP

MAXIMIZE YOUR YEAR-END GIVING WITH GIFTS THAT OFFER TAX BENEFITS

ADVANTAGES OF KEEPING YOUR BUSINESS SEPARATE FROM ITS REAL ESTATE

HOW CAN YOU BUILD A GOLDEN NEST EGG IF YOU'RE SELF-EMPLOYED?

IT'S TIME FOR YOUR SMALL BUSINESS TO THINK ABOUT YEAR-END TAX PLANNING

IS YOUR HOME OFFICE A TAX HAVEN? HERE ARE THE RULES FOR DEDUCTIONS

MAKE YEAR-END TAX PLANNING MOVES BEFORE IT'S TOO LATE!

IF YOUR BUSINESS HAS CO-OWNERS, YOU PROBABLY NEED A BUY-SELL AGREEMENT

6 TAX FREE INCOME OPPORTUNITIES

NAVIGATING TAX COMPLEXITIES: CRAFT PARTNERSHIP AGREEMENTS AND LLC OPERATING AGREEMENTS WITH PRECISION

REASONS AN LLC MIGHT BE THE IDEAL CHOICE FOR YOUR SMALL TO MEDIUM SIZE BUSINESS

UNDERSTANDING TAXES ON REAL ESTATE GAINS

ARE YOU UNFAIRLY BURDENED BY A SPOUSE'S TAX ERRORS? YOU MAY QUALIFY FOR "INNOCENT SPOUSE RELIEF"

THE POSSIBLE TAX LANDSCAPE FOR BUSINESSES IN THE FUTURE

THE TAX IMPLICATIONS OF DISABILITY INCOME BENEFITS

DO YOU OWE ESTIMATED TAXES? IF SO, WHEN IS THE NEXT ONE DUE.

WHAT MIGHT BE AHEAD AS MANY TAX PROVISIONS ARE SCHEDULED TO EXPIRE?

Buckle up, America: Major tax changes are on the horizon. T...

BE AWARE OF THE TAX CONSEQUENCES OF SELLING BUSINESS PROPERTY

If you’re selling property used in your trade or bu...

CERTAIN CHARITABLE DONATIONS ALLOW YOU TO AVOID TAXABLE IRA WITHDRAWALS

If you’re a philanthropic individual who is a...

2024 Q3 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

Here are some of the key tax-related deadlines affecting ...

KEEP THESE 3 ISSUES IN MIND AFTER YOU FILE YOUR RETURN

The tax filing deadline for 2023 tax returns is April 15 t...

UPDATE ON RETIREMENT ACCOUNT REQUIRED MINIMUM DISTRIBUTIONS

If you have a tax-favored retirement account, including a ...

THE TAX CONSEQUENCES OF SELLING MUTUAL FUNDS

Do you invest in mutual funds or are you interested in putt...

HIRING YOUR CHILD TO WORK AT YOUR BUSINESS THIS SUMMER

With school out, you might be hiring your child to...

YOU MAY BE ENTITLED TO TAX BREAKS IF CARING FOR AN ELDERLY RELATIVE

There are many rewards for taking care of an elderly relati...

INFLATION ENHANCES THE 2025 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

The IRS recently released guidance providing the 2025 inf...

THE PROS AND CONS OF TURNING YOUR HOME INTO A RENTAL

If you’re buying a new home, you may have thou...

TAX TIPS WHEN BUYING THE ASSETS OF A BUSINESS

After experiencing a downturn in 2023, merger and ...

TAXES WHEN YOU SELL AN APPRECIATED VACATION HOME

Vacation homes in upscale areas may be worth way more than...

WHEN PARTNERS PAY EXPENSES RELATED TO THE BUSINESS

It’s not unusual for a partner to incur expenses re...

WHO DO VALUABLE GIFTS TO CHARITY REQUIRE AN APPRAISAL?

If you donate valuable items to charity and you want to ded...

PAY ATTENTION TO THE TAX RULES IF YOU TURN A HOBBY INTO A BUSINESS

Many people dream of turning a hobby into a regular busines...

COORDINATING SEC. 179 TAX DEDUCTIONS WITH BONUS DEPRECIATION

Your business should generally maximize current yea...

WHEN BUSINESSES MAY WANT TO TAKE A CONTRARY APPROACH WITH INCOME AND DEDUCTIONS

Businesses usually want to delay recognition of taxable i...

SCRUPULOUS RECORDS AND LEGITIMATE BUSINESS EXPENSES ARE THE KEY TO LESS PAINFUL IRS AUDITS

If you operate a business, or you’re starting a new...

DON'T HAVE A TAX-FAVORED RETIREMENT PLAN? SET ONE UP NOW

If your business doesn’t already have a retirement p...

2024 Q2 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND EMPLOYERS

Here are some of the key tax-related deadlines that apply...

TAX-WISE WAYS TO TAKE CASH FROM YOUR CORPORATION WHILE AVOIDING DIVIDEND TREATMENT

If you want to withdraw cash from your closely held corpor...

TAKING YOUR SPOUSE ON A BUSINESS TRIP? CAN YOU WRITE OFF THE COSTS?

A recent report shows that post-pandemic global business t...

IF YOU DIDN'T CONTRIBUTE TO AN IRA LAST YEAR THERE'S STILL TIME

If you’re gathering documents to file your 2023...

GET READY FOR THE 2023 GIFT TAX RETURN DEADLINE

Did you make large gifts to your children, grandchildren or ...

FILING JOINTLY OR SEPARATELY AS MARRIED COUPLE: WHAT'S THE DIFFERENCE?

When you file your tax return, a tax filing status ...

9 TAX CONSIDERATIONS IF YOU'RE STARTING A BUSINESS AS A SOLE PROPRIETOR

When launching a small business, many entrepreneurs start...

WHAT'S THE BEST ACCOUNTING METHOD ROUTE FOR BUSINESS TAX PURPOSES?

Businesses basically have two accounting methods to figure...

IF YOU GAVE TO CHARITY IN 2023, CHECK TO SEE THAT YOU HAVE SUBSTANTIATION

Did you donate to charity last year? Acknowledgment letters...

DOES YOUR BUSINESS HAVE EMPLOYEES WHO GET TIPS? YOU MAY QUALIFY FOR A TAX CREDIT

If you’re an employer with a business where tipping...

SHOULD YOUR BUSINESS OFFER THE NEW EMERGENCY SAVINGS ACCOUNTS TO EMPLOYEES?

As part of the SECURE 2.0 law, there’s a new benefi...

ANSWERS TO YOUR TAX SEASON QUESTIONS

The IRS announced it will open the 2024 income tax return ...

IRAS: BUILD A TAX-FAVORED RETIREMENT NEST EGG

Although traditional IRAs and Roth IRAs have been around ...

IT'S POSSIBLE BUT NOT EASY TO CLAIM A MEDICAL EXPENSE TAX DEDUCTION

One of your New Year’s resolutions may be to ...

DEFER A CURRENT TAX BILL WITH A LIKE-KIND EXCHANGE

If you’re interested in selling commercial or inves...

THE KIDDIE TAX COULD AFFECT YOUR CHILDREN UNTIL TEY'RE YOUNG ADULTS

The so-called “kiddie tax” can cause some of a ...

THE STANDARD BUSINESS MILEAGE RATE WILL BE GOING UP SLIGHTLY IN 2024

The optional standard mileage rate used to calculat...

DON'T OVERLOOK TAXES WHEN CONTEMPLATING A MOVE TO ANOTHER STATE

When you retire, you may think about moving to another stat...

2024 Q1 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

Here are some of the key tax-related deadlines affecting ...

DON'T FORGET TO EMPTY OUT YOUR FLEXIBLE SPENDING ACCOUNT

If you have a tax-saving flexible spending account (FSA) w...

GIVING GIFTS AND THROWING PARTIES CAN HELP SHOW GRATITUDE AND PROVIDE TAX BREAKS

The holiday season is here. During this festive season, y...

4 IDEAS THAT MAY HELP REDUCE YOUR 2023 TAX BILL

If you’re concerned about your 2023 tax bill,...

A COMPANY CAR IS A VALUABLE PERK BUT DON'T FORGET ABOUT TAXES

One of the most appreciated fringe benefits for owners an...

11 EXCEPTIONS TO THE 10% PENALTY TAX ON EARLY IRA WITHDRAWALS

If you’re facing a serious cash shortfall, one possi...

KEY 2024 INFLATION-ADJUSTED TAX PARAMETERS FOR SMALL BUSINESSES AND THEIR OWNERS

The IRS recently announced various inflation-adjusted fed...

THERE STILL MAY BE TIME TO REDUCE YOUR SMALL BUSINESS 2023 TAX BILL

In the midst of holiday parties and shopping for gifts, d...

ARE SCHOLARSHIPS TAX-FREE TAXABLE?

With the rising cost of college, many families are in sear...

FACING A FUTURE EMERGENCY? TWO NEW TAX PROVISIONS MAY SOON PROVIDE RELIEF

Perhaps you’ve been in this situation before: You hav...

THE SOCIAL SECURITY WAGE BASE FOR EMPLOYEES AND SELF-EMPLOYED PEOPLE IS INCREASING IN 2024

The Social Security Administration recently announced tha...

CONTRIBUTING TO YOUR EMPLOYER'S 401(K) PLAN: HOW IT WORKS

If you’re fortunate to have an employer that o...

NEW PER DIEM BUSINESS TRAVEL RATES KICKED IN ON OCTOBER 1

Are employees at your business traveling and frustrated a...

CHOOSING A BUSINESS ENTITY: WHICH WAY TO GO?

If you’re planning to start a business or thinking ...

SPOUSE-RUN BUSINESSES FACE SPECIAL TAX ISSUES

Do you and your spouse together operate a profitable unin...

THE TAX IMPLICATIONS OF RENTING OUT A VACATION HOME

Many Americans own a vacation home or aspire to purc...

BUSINESS AUTOMOBILES: HOW THE TAX DEPRECIATION RULES WORK

Do you use an automobile in your trade or business? If so...

WHAT TYPES OF EXPENSES CAN'T BE WRITTEN OFF BY YOUR BUSINESS?

If you read the Internal Revenue Code (and you probably d...

2023 Q4 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

Here are some of the key tax-related deadlines affecting ...

WHAT ARE THE TAX IMPLICATIONS OF WINNING MONEY OR VALUABLE PRIZES

If you gamble or buy lottery tickets and yo...

UPDATE ON DEPREICATING BUSINESS ASSETS

The Tax Cuts and Jobs Act liberalized the rules for depre...

EVALUATE WHETHER A HEALTH SAVINGS ACCOUNT IS BENEFICIAL TO YOU

With the escalating cost of health care, many people are ...

PLAN NOW FOR YEAR-END GIFTS WITH THE GIFT TAX ANNUAL EXCLUSION

Now that Labor Day has passed, the holidays are just ...

SELLING YOUR HOME FOR A BIG PROFIT? HERE ARE THE TAX RULES

Many homeowners across the country have seen their home val...

RETIREMENT ACCOUNT CATCH-UP CONTRIBUTIONS CAN ADD UP

MOVING MOM OR DAD INTO A NURSING HOME? 5 POTENTIAL TAX IMPLICATIONS

If you’re planning your estate, or you’ve rece...

PAPERWORK YOU CAN TOSS AFTER FILING YOUR TAX RETURN

Once you file your 2022 tax return, you may wonder what per...

REDUCE THE IMPACT OF THE 3.8% NET INVESTMENT INCOME TAX

High-income taxpayers face a regular income tax rate of 35...

2023 Q3 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

Here are some of the key tax-related deadlines affecting ...

THE IRS HAS JUST ANNOUNCED 2024 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

THE IRS CLARIFIES WHAT COUNTS AS QUALIFIED MEDICAL EXPENSES

If you itemize deductions on your tax return...

WHEN CAN SENIORS DEDUCT MEDICARE PREMIUMS ON THEIR TAX RETURNS?

4 TAX CHALLENGES YOU MAY ENCOUNTER IF YOU'RE RETIRING SOON

Are you getting ready to retire? If so, you’ll soon e...

QUESTIONS YOU MAY STILL HAVE AFTER FILING YOUR TAX RETURN

If you’ve successfully filed your 2022 tax return wit...

2023 Q1 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

YEAR-END TAX PLANNING IDEAS FOR INDIVIDUALS

SEPARATING YOUR BUSINESS FROM ITS REAL ESTATE

YEAR-END TAX PLANNING IDEAS FOR YOUR SMALL BUSINESS

INFLATION REDUCTION ACT PROVISIONS OF INTEREST TO SMALL BUSINESSES

SELF-EMPLOYED? BUILD A NEST EGG WITH A SOLO 401(K) PLAN

TAX CONSIDERATIONS WHEN ADDING A NEW PARTNER AT YOUR BUSINESS

ESTIMATED TAX PAYMENTS: WHO OWES THEM AND WHEN IS THE NEXT ONE DUE?

IS YOUR BUSINESS REQUIRED TO REPORT EMPLOYEE HEALTH COVERAGE?

THE TAX MECHANICS INVOLVED IN THE SALE OF TRADE OR BUSINESS PROPERTY

THREE TAX BREAKS FOR SMALL BUSINESSES

THE KIDDIE TAX: DOES IT AFFECT YOUR FAMILY

IMPORTANT CONSIDERATION WHEN ENGAGING IN A LIKE-KIND EXCHANGE

WANT TO TURN A HOBBY INTO A BUSINESS? WATCH OUT FOR THE TAX RULES

2022 Q3 TAX CALENDAR: KEY DEADLINES FOR BUSINESSES AND OTHER EMPLOYERS

YOUR ESTATE PLAN: DON'T FORGET ABOUT INCOME TAX PLANNING

THE TAX RULES OF RENTING OUT A VACATION PROPERTY

FULLY DEDUCT BUSINESS MEALS THIS YEAR

CALCULATING CORPORATE ESTIMATED TAX

HIRING YOUR MINOR CHILDREN FOR SUMMER JOBS

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can ga...

AFTER FILING YOUR TAXES, WHAT RECORDS CAN YOU TOSS?

After Filing Your Taxes, What Records Can You Toss?

If you’ve filed your 2021 tax return, you may want to do some spring cl...

IRA CHARITABLE DONATIONS: AN ALTERNATIVE TO TAXABLE REQUIRED DISTRIBUTIONS

CARING FOR AN ELDERLY RELATIVE? YOU MAY BE ELIGIBLE FOR TAX BREAKS.

VALUABLE GIFTS TO CHARITY MAY REQUIRE AN APPRAISAL

THINKING ABOUT CONVERTING YOUR HOME INTO A RENTAL PROPERTY?

THERE STILL MAY BE TIME TO CUT YOUR TAX BILL WITH AN IRA

WORK OPPPORTUNITY TAX CREDIT EXTENDED THROUGH 2025

IMPORTANT TAX ASPECTS OF OPERATING YOUR BUSINESS AS A SOLE PROPRIETOR

DID YOU GIVE TO CHARITY IN 2021? MAKE SURE YOU HAVE SUBSTANTIATION

ENTREPRENEURS AND TAXES: HOW EXPENSES ARE CLAIMED ON TAX RETURNS

HELP SAFEGUARD YOUR PERSONAL INFORMATION BY FILING YOUR 2021 TAX RETURN EARLY

BUSINESSES WITH EMPLOYEES WHO RECEIVE TIPS MAY BE ELIGIBLE FOR A TAX CREDIT

GIG WORKERS SHOULD UNDERSTAND THEIR TAX OBILGATIONS

WILL THE STANDARD BUSINESS MILEAGE RATE GO UP IN 2022? YES!

PROVIDING A COMPANY CAR? HERE'S HOW TAXES ARE HANDLED

WITH YEAR-END APPROACHING, 3 IDEAS THAT MAY HELP CUT YOUR TAX BILL

NEW DIGITAL ASSET REPORTING REQUIREMENTS WILL BE IMPOSED IN COMING YEARS

BUSINESSES CAN SHOW APPRECIATION - AND GAIN TAX BREAKS - WITH HOLIDAY GIFTS AND PARTIES

FEELING GENEROUS AT YEAR END? STRATEGIES FOR DONATING TO CHARITY OR GIFTING TO LOVED ONES

WOULD YOU LIKE TO ESTABLISH A HEALTH SAVINGS ACCOUNT FOR YOUR SMALL BUSINESS?

EMPLOYERS: THE SOCIAL SECURITY WAGE BASE IS INCREASING IN 2022

VACATION HOME: HOW IS YOUR TAX BILL AFFECTED IF YOU RENT IT OUT?

NEW PER DIEM BUSINESS TRAVEL RATES BECAME EFFECTIVE ON OCTOBER 1

HELP ENSURE THE IRS DOESN'T RECLASSIFY INDEPENDENT CONTRACTORS AS EMPLOYEES

WHO QUALIFIES FOR "HEAD OF HOUSEHOLD" TAX FILING STATUS?

When you file your tax return, you must check one of...

KNOW THE INS AND OUTS OF "REASONABLE COMPENSATION" FOR A CORPORATE BUSINESS OWNER

SCHOLARSHIPS ARE USUALLY TAX FREE BUT THEY MAY RESULT IN TAXABLE INCOME

5 POSSIBLE TAX ASPECTS OF A PARENT MOVING INTO A NURSING HOME

IS AN LLC THE RIGHT CHOICE FOR YOUR SMALL BUSINESS?

YOU MAY HAVE LOADS OF STUDENT DEBT, BUT IT MAY BE HARD TO DEDUCT THE INTEREST

THE ADVANCE CHILD TAX CREDIT PAYMENTS

As many of you know, the monthly child tax payments began arriving July 15. Every dollar you receive fr...

THERE'S CURRENTLY A "STEPPED-UP" BASIS IF YOU INHERIT PROPERTY - BUT WILL IT LAST?

GETTING A NEW BUSINESS OFF THE GROUND: HOW START-UP EXPENSES ARE HANDLED ON YOUR TAX RETURN

SENIORS MAY BE ABLE TO WRITE OFF MEDICARE PREMIUMS ON THEIR TAX RETURNS

WHO IN A SMALL BUSINESS CAN BE HIT WITH THE "TRUST FUND RECOVERY PENALTY?"

IRS AUDITS MAY BE INCREASING, SO BE PREPARED

10 FACTS ABOUT THE PASS-THROUGH DEDUCTION FOR QUALIFIED BUSINESS INCOME

Are you eligible to take the deduction for qualified...

ELIGIBLE BUSINESSES: CLAIM THE EMPLOYEE RETENTION TAX CREDIT

TRAVELING FOR BUSINESS AGAIN? WHAT CAN YOU DEDUCT?

ARE YOU A NONWORKING SPOUSE? YOU MAY STILL BE ABLE TO CONTRIBUTE TO AN IRA

TAX-FAVORED WAYS TO BUILD UP A COLLEGE FUND

RECORD KEEPING DOS AND DON'TS FOR BUSINESS MEAL AND VEHICLE EXPENSES

PLAN AHEAD FOR THE 3.8% NET INVESTMENT INCOME TAX

CLAIMING THE BUSINESS ENERGY CREDIT FOR USING ALTERNATIVE ENERGY

TAX ADVANTAGES OF HIRING YOUR CHILD AT YOUR SMALL BUSINESS

THE IRS HAS ANNOUNCED 2022 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

The IRS recently released guidance providing the 2022 inflation-adjusted amount...

AN S-CORPORATION COULD CUT YOUR SELF-EMPLOYMENT TAX

HOW TO ENSURE LIFE INSURANCE ISN'T PART OF YOUR TAXABLE ESTATE

UNEMPLOYED LAST YEAR? BUYING HEALTH INSURANCE THIS YEAR? YOU MAY BENEFIT FROM FAVORABLE NEW CHANGES

SIMPLE RETIREMENT SAVINGS OPTIONS FOR YOUR SMALL BUSINESS

NEW LAW TAX BREAK MAY MAKE CHILD CARE LESS EXPENSIVE

LAUNCHING A SMALL BUSINESS? HERE ARE SOME TAX CONSIDERATIONS

CAN YOU QUALIFY FOR A MEDICAL EXPENSE TAX DEDUCTION?

THE IMPORTANCE OF S CORPORATION BASIS AND DISTRIBUTION ELECTIONS

EMPLOYEES: DON'T FORGET ABOUT YOUR FSA FUNDS

HEALTH SAVINGS ACCOUNTS FOR YOUR SMALL BUSINESS

HOW SERIES EE SAVINGS BONDS ARE TAXED

DISABILITY INCOME: HOW IS IT TAXED?

NEW BUSINESS? IT’S A GOOD TIME TO START A RETIREMENT PLAN.

Did you recently file your federal tax return and were surprised to find you ow...

THE 2021 "SOCIAL SECURITY WAGE BASE" IS INCREASING

WHAT TAX RECORDS CAN YOU THROW AWAY?

WHY IT'S IMPORTANT TO PLAN FOR INCOME TAXES AS PART OF YOUR ESTATE PLAN

EMPLOYERS HAVE QUESTIONS AND CONCERNS ABOUT DEFERRING EMPLOYEES' SOCIAL SECURITY TAXES

Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, a...

WILL YOU HAVE TO PAY TAX ON YOUR SOCIAL SECURITY BENEFITS?

The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law in March, has provided more than just relief in resp...

WHAT HAPPENS IF AN INDIVIDUAL CAN'T PAY TAXES

If you’re planning your estate, or you’ve rece...

ARE SCHOLARSHIPS TAX-FREE OR TAXABLE?

GOOD RECORDS ARE THE KEY TO TAX DEDUCTIONS AND TROUBLE-FREE IRS AUDITS

If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In pa...

Welcome to Our Blog!

This is the home of our new blog. Check back often for updates!

Schroeder & Co., CPA's, LLC

WHAT'S YOUR POTENTIAL BUSINESS VEHICLE DEDUCTION

NEW DEDUCTION FOR QPP CAN SAVE SIGNIFICANT TAXES FOR MANUFACTURERS AND SIMILAR BUSINESSES

ARE YOU ELIGIBLE FOR MILEAGE DEDUCTIONS

INDIVIDUAL TAX CALENDAR: KEY DEADLINES FOR THE REMAINDER OF 2026

WHEN MEDICAL EXPENSES ARE - AND AREN'T - TAX DEDUCTIBLE

CHANGES TO CHARITABLE DONATION DEDUCTIONS ARE ON THE HORIZON

IF YOU'RE MARRIED, SHOULD YOU FILE JOINTLY OR SEPARATELY?

TO MAXIMIZE - OR NOT TO MAXIMIZE - DEPRECIATION DEDUCTIONS ON YOUR 2025 TAX RETURN

TAX FILING UPDATE FOR PASS-THROUGH ENTITES

TAX FILING FAQS FOR INDIVIDUALS

THERE'S STILL TIME TO SET UP A SEP AND REDUCE YOUR 2025 TAXES

HOW THE NEW TRUMP ACCOUNTS FOR CHILDREN WILL WORK

SIGNIFICANT CHANGES TO INFORMATION REPORTING GO INTO EFFECT FOR THE 2026 TAX YEAR

AVOIDING INADVERTENT S CORP TERMINATION

A NEW YEAR MEANS NEW TAX FIGURES FOR INDIVIDUALS

IMPORTANT 2026 TAX FIGURES FOR BUSINESSES

SHOULD YOUR BUSINESS MAXIMIZE DEDUCTIONS FOR REAL ESTATE IMPROVEMENTS NOW OR SPREAD THEM OUT?

THERE'S STILL TIME TO SAVE 2025 TAXES

6 LAST-MINUTE TAX TIPS FOR BUSINESSES

5 POTENTIAL TAX BREAKS TO KNOW BEFORE MOVING A PARENT INTO A NURSING HOME

SHIFT INCOME TO TAKE ADVANTAGE OF THE 0% LONG-TERM CAPITAL GAINS RATE

WHAT YOU NEED TO KNOW ABOUT DEDUCTING BUSINESS GIFTS

TAX COURT CASE PROVIDES LESSONS ON BEST RECORDKEEPING PRACTICES FOR BUSINESSES

REVIEW YOUR BUSINESS EXPENSES BEFORE YEAR END

THE 2025 SALT DEDUCTION CAP INCREASE MIGHT SAVE YOU SUBSTANTIAL TAXES

IS AN HDHP PLUS AN HSA A FINANCIALLY SMART HEALTH CARE OPTION FOR YOU?

HOW THE SOCIAL SECURITY WAGE BASE WILL AFFECT YOUR PAYROLL TAXES IN 2026

BOOST YOUR TAX SAVINGS BY DONATING APPRECIATED STOCK INSTEAD OF CASH

MAKING THE MOST OF THE NEW DEDUCTION FOR SENIORS

THE 2025 - 2026 "HIGH-LOW" PER DIEM BUSINESS TRAVEL RATES ARE HERE

THERE'S STILL TIME FOR BUSINESSES TO BENEFIT FROM CLEAN ENERGY TAX BREAKS

STARTUP COSTS AND TAXES: WHAT YOU NEED TO KNOW BEFORE FILING

PAYROLL TAX IMPLICATIONS OF NEW TAX BREAKS ON TIPS AND OVERTIME

THE POWER OF CATCH-UP RETIREMENT ACCOUNT CONTRIBUTIONS AFTER 50

IS COLLEGE FINANCIAL AID TAXABLE? A CRASH COURSE FOR FAMILIES

TEACHERS AND OTHERS CAN DEDUCT ELIGIBLE EDUCATOR EXPENSES THIS YEAR - AND MORE NEXT YEAR AND BEYOND

ACT SOON: THE OBBBA ENDS CLEAN ENERGY TAX BREAKS

THE NEW LAW INCLUDES A GAME-CHANGER FOR BUSINESS PAYMENT REPORTING

NO TAX ON CAR LOAN INTEREST UNDER THE NEW LAW? NOT EXACTLY

THE NEXT ESTIMATED TAX PAYMENT DEADLINE IS COMING UP SOON

A TAX GUIDE TO CHOOSING THE RIGHT BUSINESS ENTITY

LOWER YOUR SELF-EMPLOYMENT TAX BILL BY SWITCHING TO AN S CORPORATION

WHAT FAMILIES NEED TO KNOW ABOUT THE NEW TAX LAW

MILESTONE MOMENTS: HOW AGE AFFECTS CERTAIN TAX PROVISIONS

THE NEW LAW INCLUDES FAVORABLE CHANGES FOR DEPRECIATING ELIGIBLE ASSETS

THE QBI DEDUCTION AND WHAT'S NEW IN THE ONE, BIG BEAUTIFUL BILL ACT

WHAT THE NEW TAX LAW COULD MEAN FOR YOU

SIGNIFICANT BUSINESS TAX PROVISIONS IN THE ONE, BIG, BEAUTIFUL BILL ACT

DIGITAL ASSETS AND TAXES: WHAT YOU NEED TO KNOW

CORPORATE BUSINESS OWNERS: IS YOUR SALARY REASONABLE IN THE EYES OF THE IRS?

HIRING INDEPENDENT CONTRACTORS? MAKE SURE YOU'RE DOING IT RIGHT

THE IRS RECENTLY ANNOUNCED 2026 AMOUNTS FOR HEALTH SAVINGS ACCOUNTS

QUESTIONS ABOUT TAXES AND TIPS? HERE ARE SOME ANSWERS FOR EMPLOYERS

HOW SECTION 1231 GAINS AND LOSSES AFFECT BUSINESS ASSET SALES

PLANNING A SUMMER BUSINESS TRIP? TURN TRAVEL INTO TAX DEDUCTIONS

5 TAX BREAKS ON THE TABLE: WHAT BUSINESS OWNERS SHOULD KNOW ABOUT THE LATEST PROPOSALS

EXPLORE SEP AND SIMPLE RETIREMENT PLANS FOR YOUR SMALL BUSINESS

AN ESSENTIAL TAX DEADLINE IS COMING UP AND IT'S UNRELATED TO YOUR 2024 RETURN FILING

UNDERSTANDING THE STEP UP IN BASIS WHEN INHERITING ASSETS

STILL HAVE TAX QUESTIONS? YOU'RE NOT ALONE

TAMING THE TAX TANGLE IF YOU'RE RETIRING SOON

6 ESSENTIAL TIPS FOR SMALL BUSINESS PAYROLL TAX COMPLIANCE

DISCOVER IF YOU QUALIFY FOR "HEAD OF HOUSEHOLD" TAX FILING STATUS

WHAT TAX DOCUMENTS CAN YOU SAFELY SHRED? AND WHICH ONES SHOULD YOU KEEP?

THE 2024 GIFT TAX RETURN DEADLINE IS COMING UP SOON

EXPLORING BUSINESS ENTITIES: IS AN S CORPORATION THE RIGHT CHOICE

CAN I ITEMIZE DEDUCTIONS ON MY TAX RETURNS?

YOU MAY BE ABLE TO MAKE A DEDUCTIBLE IRA CONTRIBUTION FOR LAST YEAR THIS YEAR

YOUR GUIDE TO MEDICARE PREMIUMS AND TAXES

LOOKING AHEAD TO 2025 TAX LIMITS AS YOU PREPARE TO FILE YOUR 2024 RETURN

THE STANDARD BUSINESS MILEAGE RATE INCREASED IN 2025

MANY BUSINESS TAX LIMITS HAVE INCREASED IN 2025

HOW INFLATION WILL AFFECT YOUR 2024 AND 2025 TAX BILLS

SELF-EMPLOYMENT TAX: A REFRESHER ON HOW IT WORKS

WHEN CAN YOU DEDUCT BUSINESS MEALS AND ENTERTAINMENT?

HEALTHY SAVINGS: HOW TAX-SMART HSA'S CAN BENEFIT YOUR SMALL BUSINESS AND EMPLOYEES

UNDERSTANDING YOUR OBLIGATIONS: DOES YOUR BUSINESS NEED TO REPORT EMPLOYEE HEALTH COVERAGE?

WORKING REMOTELY IS CONVENIENT, BUT IT MAY HAVE TAX CONSEQUENCES

FROM FLIGHTS TO MEALS: A GUIDE TO BUSINESS TRAVEL TAX DEDUCTIONS