IRS Penalties During the Pandemic Could Be Refundable
A landmark court ruling, Kwong v. United States, found that the IRS improperly assessed certain penalties and interest during the COVID-19 pandemic.
Possibilities, Passion and Thought Leadership
As dedicated accounting professionals, we maintain a variety of interests and experience which we’re delighted to share.
Sign up and receive our curated articles right into your inbox.
ARTICLES
View our most recent articles here, to learn about our firm and our perspectives.
Take Advantage of Expanded QSB Stock Tax Benefits
Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more. Certain shares may also provide valuable tax advantages under the qualified small business (QSB) stock rules.
Midyear Tax Review: Get Ahead of Next Tax Season
Life changes can affect your tax picture more than you might expect. Taking time now to review key areas can reduce the risk of certain penalties and uncover tax savings opportunities.
Reducing IRS Audit Risk for Small Businesses
When business owners think about risk, they often focus on market pressures or operational challenges. An IRS audit usually isn’t top of mind — but it can be costly, disruptive and time-consuming.
How an Educational Assistance Program Can Strengthen Your Company’s Benefits Package
If your business is like many today, you’re seeking more ways to attract and retain talent.
Employers Face New Limits on Meal Expense Deductions
Does your business provide complimentary on-site food and beverages for employees?
Before You Shred: Know Which Tax Records to Keep
Tax documents can accumulate quickly. While clearing out old files can feel productive, it’s important not to discard anything until you’ve reviewed some record-retention guidelines.
How Hiring Your Child This Summer Can Reduce Taxes
The wages you pay your child are generally deductible as a business expense. For your child’s income tax purposes, wages received will be at least partially protected from federal income tax by his or her standard deduction.
Plan Carefully to Minimize Taxes on Your Inheritance
Getting a large inheritance can create new financial opportunities. But it’s important to handle inherited assets carefully, especially when it comes to taxes and planning.