Gift Giving Did you know that there might be tax consequences to your kind gesture? Federal gift taxes can be confusing because of our country’s ever-changing tax policy. When you give cash or property to an individual, the gift is not taxable to that person. However, depending on how much …
Are You Collecting an Unemployment Check? Here’s what you need to know: Being unemployed can cause a lot of stress and anxiety. …
On June 26, 2013, the Supreme Court overturned Sec. 3 of the Defense of Marriage Act (DOMA) as unconstitutional because it violates …
The IRS requires documentation when it comes to claiming deductions and tax credits. Though the IRS doesn’t require any special method for …
Built-in Gains Tax Often confusing, here’s what you need to know about this Built-In Gains Tax Business. When a C corporation converts …
QUICK SMALL BUSINESS TAX TIP #1: Proper year-round record-keeping is the first step to ensure your taxes are filed accurately. Save essential …
Beginning in 2012, companies that process credit card payments were required to report the gross amount of previous year payments on Form …
You’ve probably heard that ‘Timing is Everything in Life’, and you certainly know that your taxes are due on April 15th, if …
Here’s some great advice from the National Association of Tax Professionals! Does Your Business have a Website? If so, you may be …