Can I itemize deductions on my tax return?

Tuesday, April 15, 2025
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because you...... Read More

Do you have an excess business loss?

Monday, April 07, 2025
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 tax...... Read More

Financial relief for families: The benefits of the Child Tax Credit

Tuesday, April 01, 2025
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or you’ve benefited from it for...... Read More

Questions about taxes and tips? Here are some answers for employers

Monday, March 31, 2025
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax...... Read More

Taming the tax tangle if you’re retiring soon

Tuesday, March 25, 2025
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of...... Read More

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies

Monday, March 24, 2025
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S....... Read More

Looking ahead to 2025 tax limits as you prepare to file your 2024 return

Tuesday, March 18, 2025
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due...... Read More

Planning for the future: 5 business succession options and their tax implications

Tuesday, March 18, 2025
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire,...... Read More

Businesses: The Form W-2 and 1099-NEC deadline is coming up fast

Monday, March 17, 2025
With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish them...... Read More