If your business is planning for payroll next year, be aware that the Social Security wage base is increasing.Read More
Blog
Year-End Moves for Charitable Giving
Studies show that November and December are the most popular months for charitable giving. Here are some ways to maximize your deduction if you itemizeRead More
Beware of Vishing (Voice Phishing) Scams
A recent fraud alert from the Cybersecurity Infrastructure Security Agency explains how scammers use voice phishing (or “vishing”) to access company recordsRead More
FASB Delays Long-Term Insurance Standard (Again)
The FASB issued simplified rules for reporting long-term insurance contracts in 2018. But insurers have struggled to make the changes during the COVID-19 crisis.Read More
7 Expiring Tax Breaks for Individuals
Here are some expiring tax breaks you might want to cash in on before year end. Proper planning can help substantially lower your 2020 federal tax bill.Read More
Buy-Sells Help Business Owners Prepare for the Unexpected
Here are common valuation issues to incorporate in buy-sells, along with a reminder about how to avoid unintended consequences.Read More
Offer FSAs to Employees? You May Need to Act Before Year End
If you offer employees FSAs, it’s important to keep abreast of the latest changes, including those made by the CARES Act.Read More
Take Aim at Tax Credit for Hiring Target Workers: WOTC
If your business is actively recruiting, consider certain “target” groups that could qualify for the Work Opportunity Tax Credit (WOTC)Read More
IRS Publishes New Business Travel Per Diem Rates for 2021
Here’s a review of the simplified alternative method for reimbursing employees’ out-of-town travel expenses based on per diem ratesRead More
Are First-Year Depreciation Write-Offs Right for Your Business?
Here’s what you should know before claiming first-year depreciation write-offs for eligible assets that are placed in service in the current tax year.Read More