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Our take on all things financial.
R&E Strategy for Your Business Should Be Done Now – Here’s Why
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in...
IRS Final Regs Expand Mandatory E-Filing of Many Information Returns
The IRS recently finalized regulations that substantially expand mandatory electronic filing (e-filing) of certain information returns. The regulations were proposed in 2021 to...
Enacting a Spendthrift Trust Can Be Beneficial to Your Loved Ones
Are you concerned that some of your beneficiaries might squander their inheritances or simply aren’t equipped to handle the financial responsibilities that come with large sums...
Employers: Don’t Forget About the New and Improved Pension Credit
At the very end of 2022, President Biden signed into law the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). Now that the year is well underway, small...
Have You Recently Reviewed Your Life Insurance Needs?
Once upon a time, life insurance played a much larger part in an estate plan than it does now. Why? Families would use life insurance payouts to pay estate taxes. But with the...
Supreme Court: Overtime Rules Still Apply to Highly Compensated Employees
You might assume a salaried employee making $200,000 annually isn't ineligible for overtime pay. However, the recent U.S. Supreme Court case of Helix Energy Solutions Group, Inc....
Money Awarded in Lawsuits Are Only Tax-Free in Certain Circumstances
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal...
Turn That Fraud Dispute Into a Loyalty-Building Opportunity
If customers report fraud or suspicious charges on their accounts, you can turn that fraud dispute into a loyalty-building opportunity. Handle these disputes efficiently, because...
Buying a New Business Vehicle? A Heavy SUV is a Tax-Smart Choice
Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle. This is due to smaller...