News & Events

Posted By  |  July 11, 2018

Since most donations to charity of cash or property are used as tax deductions, it makes sense to ask if donating one’s time would also be deductible. The quick answer is no. Donations of your time or service is not directly deductible. It doesn’t matter if it’s simple administrative work, such as checking in attendees […]

Posted By  |  July 5, 2018

Have you thought of investing into “going green” initiatives?  It is not only helpful in creating a sustainable earth but can potentially reduce your tax and energy bill. The catch to reap all the tax credit benefits is understanding and verifying they fall under specified requirements. Investing and Saving If you make investments into your […]

Posted By  |  July 3, 2018

On June 21, 2018, the U.S. Supreme Court issued an opinion in the South Dakota v. Wayfair case, eliminating the decades-old “physical presence” condition for sales and use tax nexus. The case was based on a South Dakota law that imposes sales tax collection obligations on certain remote sellers, based on the dollar amount or […]

Posted By  |  June 27, 2018

The impact that the Affordable Care Act of 2018 will have on health care is still not completely clear. It makes understanding how to leverage any tax-advantage ways to fund these expenses important. Here is a quick comparison of three accounts that you should know about:  HSAs If you’re covered by a qualified high-deductible health […]

Posted By  |  June 20, 2018

Key tax deadlines for 2018 Q3 There are many tax deadlines throughout the year, but here we list the ones that apply to businesses and other employers during the third quarter of 2018. July 31 Report income tax withholding and FICA taxes for second quarter 2018 (Form 941), and pay any tax due. (There may […]

Posted By  |  June 14, 2018

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention.  However, the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers who’ll be subject to them, at least for […]

Posted By  |  June 7, 2018

It is common to hear friends moving out of state when they are talking about retiring. Mainly due to taxes. Before you plan on moving to Florida or another state to retire, make sure that you are factoring in state and local taxes into your decision. Different tax to consider Choosing a state that does […]

Posted By  |  May 30, 2018

It is common for employees to receive stock-based compensation from their employer as part of their compensation and benefits package. However, the tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. On the other hand, if you receive restricted stock awards, you might have a tax-saving […]

Posted By  |  May 29, 2018

It is likely that your business at some point will generate a tax loss. It is also common for these losses to be limited by different tax laws. The newly implemented Tax Cuts and Jobs Act (TCJA) now further restricts the amount of losses that following members can deduct beginning in 2018: Sole proprietors Partners […]

Posted By  |  May 21, 2018

With summer as a peak season for selling homes, it is necessary to understand the tax consequences. If you recently put your home on the market, chances are that you’re probably focused on: How quickly you will be able to sell How much you will get for it However, there is more to consider as […]