Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped...

An IRS Online Account is a safe and easy way for individual taxpayers to view specific details about their federal tax account. Here are...

For each independent contractor that you pay $600 or more for the year, you are required to issue the worker and the IRS a Form 1099-NEC...

If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, please be aware that there is a retroactive change...

If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways...

Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...

When you decided to start your own company, you likely focused on the products or services you were selling, along with your amazing...

One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to...

With the holiday season upon us, the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner,...

During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts...

If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax...

President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that...

Please join us in congratulating Senior Tax Accountant Nancy Clausen on her recent achievement to obtain a Certified Public Accountant...

Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to...

When Congress established tax-favored retirement plans, they allowed taxpayers to take a tax deduction for the amount of their allowable...

If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough...

While it’s usually true that the “rich get richer,” a proposed tax code will prove a remarkable exception if the House has its way. The...

Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can...

At its core, a family business is exactly what it sounds like: a company or other enterprise owned, operated, and actively managed by at...

Though it’s natural for management to focus on its profit-making areas, the importance of a sound accounting foundation to support the...