In the News

Copyright 2017

There are still ways to earn income that is free from federal income tax. With the various tax increases that have taken effect in recent years, tax-free income opportunities are more valuable than ever.

Here are 10 sources of non-taxable income.

Copyright 2017

Currently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn't depreciable.

Copright 2017

The IRS uses "Collection Financial Standards" to help determine a taxpayer's ability to pay a delinquent tax liability.

Copyright 2017

Business owners may not be able to set aside as much as they'd like in tax-advantaged retirement plans.

Copyright 2017

According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is "a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services." But the tax treatment of a fringe benefit can vary dramatically based on the type of benefit.

Generally, the IRS takes one of four tax approaches to fringe benefits:

Copyright 2017

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn't all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you're meeting all applicable deadlines and to learn more about the filing requirements.

Copyright 2017

If you acquire a company, your to-do list will be long, which means you can't devote all of your time to the deal's potential tax implications. However, if you neglect tax issues during the negotiation process, the negative consequences can be serious. To improve the odds of a successful acquisition, it's important to devote resources to tax planning before your deal closes.

Copyright 2017

Many people dream of making money pursuing a favorite hobby. By starting a sideline business, you could be eligible for a treasure chest of tax deductions.

Copyright 2017

Unemployment tax rates for employers vary from state to state. Your unemployment tax bill may be influenced by the number of former employees who've filed unemployment claims with the state, your current number of employees and your business's age.

Copyright 2017

Get the most from Social Security.  Younger retirees face a harsh penalty for working part-time. For every $2 earned over $16,920 in 2017 (up from $15,720 in 2016), you lose $1 in Social Security benefits. In the year you reach full retirement age, a higher earnings threshold applies.

Pages