News
Our take on all things financial.
Update on Depreciating Business Assets
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation,...
Selling Your Home for a Big Profit? Here Are the Tax Rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes...
7 Simple Truths About Payroll for Employers
Employers tend to prioritize things such as maintaining or boosting productivity, accomplishing strategic objectives, and fulfilling their missions. All too often, managing...
The Tax Consequences of Employer-Provided Life Insurance
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of your benefits package, and the...
Cost Containment: Important Health Care Objective for Businesses
As the Fed continues to do battle with inflation, and with fears of a recession not quite going away, companies have been keeping a close eye on the costs of their health...
Disabled Family Members May Be Able to Benefit from ABLE Accounts
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs. You even can without having them lose eligibility for the government...
Fresh Fraud Schemes for Small Businesses to Watch For
When it comes to fraud, it may seem there’s nothing new under the sun. Unfortunately, fraud perpetrators are always finding novel ways to swindle businesses. Here are some recent...
Can You Deduct Student Loan Interest On Your Tax Return?
The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you can deduct the interest...
Yes, You Still Need an Estate Plan Even If You’re Single, Without Children
There’s a common misconception that only married couples with children need estate plans. In fact, estate planning may be even more important for single people without children....