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The tax aspects of selling mutual fund shares

By |2020-02-11T16:33:21+00:00February 11th, 2020|Latest News|

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex. Tax basics If you sell appreciated

Getting help with a business interruption insurance claim

By |2020-02-11T16:31:26+00:00February 11th, 2020|Latest News|

To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred while normal operations are limited or suspended. But buying coverage is one thing — making a claim and receiving the funds is quite another. Depending on the scope of

There still might be time to cut your tax bill with IRAs

By |2020-02-04T18:06:54+00:00February 4th, 2020|Latest News|

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the Wednesday, April 15, 2020, filing date and benefit from the

Look closely at your company’s concentration risks

By |2020-02-04T18:04:52+00:00February 4th, 2020|Latest News|

The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to resolve the many challenges facing them. But the word has an alternate meaning in a business context as well — and a distinctly negative one at that. Common problem A common problem among

Answers to your questions about 2020 individual tax limits

By |2020-01-28T17:52:52+00:00January 28th, 2020|Latest News|

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good idea to familiarize yourself with tax-related amounts that may have changed for 2020.

3 best practices for achieving organic sales growth

By |2020-01-28T17:50:23+00:00January 28th, 2020|Latest News|

Most business owners would probably agree that, when it comes to sales, there’s always room for improvement. To this end, every company should strive for organic sales growth — that is, increases from existing operations unrelated to a merger or acquisition. That’s not to say a merger or acquisition is necessarily a bad idea, but you can’t

Can you deduct charitable gifts on your tax return?

By |2020-01-22T17:46:50+00:00January 22nd, 2020|Latest News|

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and the many rules that apply to charitable deductions, you may no longer get a tax break for your generosity. Are

What can AI do for my business?

By |2020-01-20T22:01:01+00:00January 20th, 2020|Latest News|

You’ve no doubt read articles or heard stories about how artificial intelligence (AI) is bringing sweeping change to a wide variety of industries. But it’s one thing to learn about how this remarkable technology is changing someone else’s company and quite another to apply it to your own. Here’s a primer on what AI might

Help protect your personal information by filing your 2019 tax return early

By |2020-01-14T14:42:07+00:00January 14th, 2020|Latest News|

The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing as soon as you can this year. The reason: You can potentially protect yourself from tax

How business owners and execs can stay connected with staff

By |2020-01-14T14:40:09+00:00January 14th, 2020|Latest News|

With the empty bottles of bubbly placed safely in the recycling bin and the confetti swept off the floor, it’s time to get back to the grind. The beginning of the year can be a busy time for business owners and executives, because you no doubt want to get off to a strong start in