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Employees working while being viewed under magnifying glass next to words "IS IT TIME TO CHANGE EMPLOYEE PERFORMANCE REVIEWS?"

Infographic: Is It Time to Change Performance Reviews?

December 27, 2019

There may be a better way to conduct employee performance reviews. Consider this!

Delivery man on bike handing food and drink over to woman.

Tax Advice: Understanding Taxes on Your Side Gig

December 18, 2019

These days, many people have side “gigs” to earn extra money. Find out more about the tax consequences of taking on these jobs.

Silhouette of family standing on a hill, child being thrown up into the air by father.

Tax Advice: Adopting a Child? Bring Home Tax Savings, Too

December 10, 2019

If you’re adopting a child, it is one of the happiest experiences of your life. There also may be substantial tax breaks available to offset the costs.

Quarter 1 calendar for 2020 showing January, February, and March

For Small Businesses: Key 2020 Q1 Tax Deadlines

December 10, 2019

Your business faces a variety of tax-related deadlines in the first quarter of 2020.

Tax Advice: 3 Last-Minute Tips to Help Trim Your Tax Bill

December 6, 2019

Before you know it, 2020 will be here. You may still have time to reduce your federal tax liability by taking these steps.

Tax Advice: Medical Expenses & What It Takes to Qualify for a Tax Deduction

December 4, 2019

You may wonder if you can get a tax break for medical and dental expenses, as well as prescription drugs. Here’s what it takes and how you might be able to benefit by moving
certain expenses into 2019.

For Small Businesses: 2 Valuable Year-End Tax-Savings Tools

December 4, 2019

How can your business save tax before year end? If you buy eligible assets and place them in service by December 31, you can claim valuable depreciation deductions. It’s a potent year-end tax planning strategy.

Tax Advice: What Is Your Taxpayer Filing Status?

November 21, 2019

Should you file your tax return as a single person, a married couple filing jointly, a “head of household” or some other status? This explains what the federal tax filing statuses
are and who can claim them.

Person wearing boots and white gloves taking soil sample

For Small Businesses: If Your Business Engages in Environmental Cleanup

November 21, 2019

Many businesses engage in cleaning up environmental contamination. Unfortunately, every type of environmental cleanup expense cannot be currently deducted on your tax return. Here are the basic rules.

Infographic: 5 Ways to Trim 2019 Taxes

November 21, 2019

Does your business use an accrual-based accounting system? If so, check this out.

Tax Advice: Using Your 401(K) Plan to Save This Year & Next

November 13, 2019

Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the just-announced limit for 2020.

2019 1099-Misc form with box number 7 circled for "Nonemployee compensation"

For Small Businesses: Get Ready for Your 1099-MISC Reporting Requirements

November 13, 2019

Has your small business paid independent contractors, vendors or others at least $600 for services during 2019? Here are the reporting requirements you may face.

Tax Advice: Consider a Tax-Advantaged Account for Disabled Family

November 8, 2019

Do you want to provide extra money to a disabled family member but you don’t want them to lose eligibility for government benefits to which they’re entitled? Consider a
tax-advantaged ABLE account.

For Small Businesses: Avoid a Severe Payroll Tax Penalty

November 8, 2019

Did you know you could be personally liable for a harsh penalty if payroll taxes withheld from your employees aren’t paid over to the federal government? Learn more about whom the IRS can go after at your business.

Tax Advice: An Alternative to Taxable Required Distributions

November 3, 2019

There’s a tax-smart strategy for high-net-worth individuals over 70-1/2 years old who have IRAs and are charitably minded.

For Small Businesses: Thinking About Switching From C to S Corp?

November 3, 2019

These are several factors to consider when a business converts from C corporation to S corporation status. Here is what you should understand.

Open laptop with screen displaying a stock graph.

Tax Advice: Selling Securities by Year End? Avoid the Wash Sale Rule

October 24, 2019

Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year
end. This can reduce your tax liability. But don’t run afoul of this rule.

Woman with laptop with 'Scam Alert' and other images floating above her head.

Tax Advice: Beware Tax-Related Scams

October 22, 2019

Have you received a text, letter, email or phone call purporting to be from the IRS? Don’t become the victim of a scam. Here’s what you should look out for.

Hardhat and blueprint on a table with words "Cost Segregation Study" next to them.

For Small Businesses: Accelerate Depreciation Deductions with a Cost Segregation Study

October 22, 2019

Cost segregation studies can yield substantial benefits, but they’re not right for every business. Learn more about how this strategy can help accelerate depreciation deductions on the building that houses your operation.

Man Holding Umbrella Balancing a Bag of Money with Scrabble Letters Spelling Out "Risk"

For Small Businesses: Understanding Unemployment Tax Costs

October 22, 2019

Unemployment taxes can cost your business a bundle. That is especially true if a lot of former employees file unemployment claims against your business. Fortunately, you may be able to reduce your unemployment tax bill.

An infographic explaining what FDIC deposit insurance covers.

Infographic: What Does FDIC Deposit Insurance Cover?

October 22, 2019

Fun fact: Exactly what does FDIC deposit insurance cover?

Cartoon graphic of professionals chained to coins and walking on books.

Tax Advice: Use a Coverdell ESA to Help Pay School Costs

October 22, 2019

Are you looking for ways to save for your child’s or grandchild’s education? Or do you want to save for private elementary and secondary school? A Coverdell Education Savings
Account may help.

Stethoscope resting on table with a transparent overlay of graphs and charts.

For Small Businesses: On Setting Up an HSA

October 22, 2019

Health Savings Accounts offer a flexible, tax-advantaged option for providing health care coverage. Employers and employees can benefit. Here’s a look at what an HSA could mean
for your business.

Present wrapped with money and a red bow sitting on a wooden surface.

Tax Advice: Take Advantage of the Gift Tax Exclusion Rules

October 7, 2019

With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.

Infographic explaining the short and long term benefits of capital gains rates.

Infographic: Capital Gains Tax Can Take a Bite Out of Your Investments

October 6, 2019

Learn more about capital gains rates — "the long and short of it."

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