Bunching Charitable Donations to Maximize Your Tax Benefits

Terri Ross

Nov 115 min read

Bunching Charitable Donations to Maximize Your Tax Benefits

The Tax Cuts and Jobs Act (TCJA) virtually doubled the standard deduction through 2025. So fewer taxpayers are itemizing deductions...

99 views0 comments

R&E Capitalization Has Unintended Effect on Small Businesses

Terri Ross

Oct 234 min read

R&E Capitalization Has Unintended Effect on Small Businesses

The Tax Cuts and Jobs Act (TCJA) brought a significant, albeit delayed, change to the tax treatment of research and experimentation...

54 views0 comments

Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions

Terri Ross

Sep 255 min read

Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions

The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their...

55 views0 comments

Federal Court Lifts Ban on Noncompete Agreements

Terri Ross

Sep 185 min read

Federal Court Lifts Ban on Noncompete Agreements

The nationwide ban against noncompete agreements for most employees and independent contractors has been overturned by the U.S. District...

57 views0 comments

Taxes on the Table: What the Presidential Candidates Are Pledging

Terri Ross

Sep 127 min read

Taxes on the Table: What the Presidential Candidates Are Pledging

The national conventions for both political parties' presidential candidates have wrapped up and their platforms have finally been...

235 views0 comments

Top 10 Tax Breaks to Consider on Extended Returns

Terri Ross

Aug 136 min read

Top 10 Tax Breaks to Consider on Extended Returns

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15,...

123 views0 comments

7 Midyear Tax Planning Tips for Individuals

Terri Ross

Jul 37 min read

7 Midyear Tax Planning Tips for Individuals

Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It appears there won't be any significant...

80 views0 comments

Terri Ross

Jun 45 min read

Smart Tax Planning Pays Off

If you're financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to...

59 views0 comments

Close-Up on Pass-Through Entity Tax Laws

Terri Ross

May 133 min read

Close-Up on Pass-Through Entity Tax Laws

At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation...

95 views0 comments

Don't Overlook the Child Care Tax Credit

Terri Ross

Apr 103 min read

Don't Overlook the Child Care Tax Credit

For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F...

28 views0 comments

Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement

Katelyn Groppe

Mar 124 min read

Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement

Effective January 1, 2024, a significant number of businesses are now required to comply with the Corporate Transparency Act (“CTA”). The...

507 views0 comments

Does the Marriage Penalty Still Exist Today?

Terri Ross

Feb 156 min read

Does the Marriage Penalty Still Exist Today?

A couple's tax situation changes when they get married — for better or worse. Here are the most important things to know if you recently...

100 views0 comments

Tax Complexities Related to the Use of a Student-Athlete’s Name, Image and Likeness

Terri Ross

Jan 115 min read

Tax Complexities Related to the Use of a Student-Athlete’s Name, Image and Likeness

The days of pure amateur athletes performing for our nation's colleges are officially over. In the current environment, the National...

68 views0 comments

Act Now to Leverage the Gift Tax Exclusion Before Year End

Katelyn Groppe

Dec 13, 20234 min read

Act Now to Leverage the Gift Tax Exclusion Before Year End

The gift tax exclusion is among the most valuable tools available to transfer assets to family and other loved ones without ending up...

82 views0 comments

Year-End Bonuses: Tax Issues for Employers and Employees

Brewer, Eyeington, Patout

Nov 15, 20234 min read

Year-End Bonuses: Tax Issues for Employers and Employees

The holidays are often referred to as "the most wonderful time of year" — and for some people, that's due in part to their year-end...

90 views0 comments

Social Security Wage Base and Earnings Test Amounts Increase in 2024

Brewer, Eyeington, Patout

Oct 19, 20233 min read

Social Security Wage Base and Earnings Test Amounts Increase in 2024

The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2024...

110 views0 comments

Options for Overfunded or Unused 529 College Savings Accounts

Brewer, Eyeington, Patout

Sep 21, 20235 min read

Options for Overfunded or Unused 529 College Savings Accounts

Section 529 plans can be a tax-smart way to save for college and other qualified education expenses. Contributions to these plans aren't...

98 views0 comments

Brewer, Eyeington, Patout

Aug 17, 20236 min read

Handling Student Loan Debt

Starting September 1, 2023, federal student loans will begin accruing interest again. And loan payments will officially restart in...

38 views0 comments

4 Strategies to Strengthen Your Small Business

Brewer, Eyeington, Patout

Jul 25, 20234 min read

4 Strategies to Strengthen Your Small Business

Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will...

42 views0 comments

How to Reap the Tax Perks of Business-Owned Life Insurance

Brewer, Eyeington, Patout

Jun 8, 20234 min read

How to Reap the Tax Perks of Business-Owned Life Insurance

Many businesses maintain life insurance policies on their owners or employees for estate planning, buyouts and various other business...

93 views0 comments

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