Get ready for the 2023 gift tax return deadline
February 13, 2024
April 15 isn’t only the income tax return deadline, it’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2023 gift tax return. (Note: You may want to file one anyway).
9 tax considerations if you’re starting a business as a sole proprietor
February 6, 2024
Many new ventures start out as sole proprietorships. Here are nine considerations if you’re operating a business that way.
Don’t forget to empty out your flexible spending account
November 29, 2023
If you have a flexible spending account, you may want to use up the money before the ball drops on New Year’s Eve. Here’s why.
Plan now for year-end gifts with the gift tax annual exclusion
September 6, 2023
The estate and gift tax exemption amount is scheduled to be cut drastically in 2026 when the related Tax Cuts and Jobs Act provisions expire (unless Congress acts to extend them). Making tax-free gifts before then can cut the size of your taxable estate and may be one way to address this potential threat.
Paperwork you can toss after filing your tax return
April 13, 2023
Want to do some spring cleaning and get rid of tax documents? You don’t want to clear out records that the IRS might request in an audit. Here are the general rules.
How the new SECURE 2.0 law may affect your business
February 2, 2023
You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business.
