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.
Employers, stay mindful of your nonemployee reporting obligations
January 17, 2023
Does your organization regularly engage the services of independent contractors? If so, be sure you’re keeping up with the tax reporting rules for these individuals.
Year-end giving to charity or loved ones
December 13, 2022
Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones.
Preparing for year-end inventory counts
December 1, 2022
A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting?
