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Congress gives a holiday gift in the form of favorable tax provisions

By |2019-12-24T15:14:30+00:00December 24th, 2019|Latest News|

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also includes a retirement-related law titled the Setting Every Community Up for Retirement

5 ways to strengthen your business for the new year

By |2019-12-24T15:12:07+00:00December 24th, 2019|Latest News|

The end of one year and the beginning of the next is a great opportunity for reflection and planning. You have 12 months to look back on and another 12 ahead to look forward to. Here are five ways to strengthen your business for the new year by doing a little of both: 1. Compare

Do you have a side gig? Make sure you understand your tax obligations

By |2019-12-18T19:17:38+00:00December 18th, 2019|Latest News|

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people who perform these jobs, such as providing car rides, renting spare bedrooms, delivering food, walking dogs or providing other services. Basically, if you receive income

Stretch your marketing dollars further with smart strategies

By |2019-12-18T19:14:54+00:00December 18th, 2019|Latest News|

If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Let’s look at a few ideas for stretching your marketing dollars a bit further. Check out the big guys Look to larger companies for ideas on how to improve and amp

What’s the right device policy for your company?

By |2019-12-18T19:12:29+00:00December 18th, 2019|Latest News|

Device policies pertaining to smartphones and other technology tools continue to frustrate business owners as they try to balance their needs for security and functionality against employees’ rights to privacy and freedom. At some companies, loose “bring your own device” (BYOD) policies are giving way to stricter “choose your own device” (CYOD) or “corporate-owned, personally

Adopting a child? Bring home tax savings with your bundle of joy

By |2019-12-10T21:30:40+00:00December 10th, 2019|Latest News|

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset the expenses. For 2019, adoptive parents may be able to claim a nonrefundable credit against their federal tax for up to $14,080 of “qualified adoption expenses” for each adopted child. (This amount is increasing to

What lenders look for in a succession plan

By |2019-12-10T21:25:40+00:00December 10th, 2019|Latest News|

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of your company: Your lender. If you want to maintain a clear path to acquiring the working capital your business may need after you’ve stepped down,

Look in the mirror and identify your company culture

By |2019-12-10T21:19:58+00:00December 10th, 2019|Latest News|

“Company culture” is a buzzword that’s been around for a while, but your culture may never have mattered as much as it does in today’s transparency-driven business arena. Customers, potential partners and investors, and job candidates are paying more attention to company culture when deciding whether to buy from a business or otherwise involve themselves

3 last-minute tips that may help trim your tax bill

By |2019-12-03T20:33:48+00:00December 3rd, 2019|Latest News|

If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you cut your taxes before year-end, including: 1. Accelerate deductions/defer income. Certain tax deductions are claimed for the year of payment, such as the mortgage

Medical expenses: What it takes to qualify for a tax deduction

By |2019-11-27T16:48:50+00:00November 27th, 2019|Latest News|

As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to qualify. However, with proper planning, you may be able to time discretionary medical expenses to your advantage for tax purposes.