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Hawaii Wildfires State of Emergency - Tax Implications

The United States government has officially declared a state of emergency in Hawaii amid Maui’s rampant wildfires. Full details here

September 2023 Business Due Dates

Here are the September 2023 Business Due Dates

September 2023 Individual Due Dates

Here are the September 2023 Individual Due Dates

Video Tips: Ignoring Retirement? You May Be Missing Out

Ignoring your retirement needs when you are young may lead to last-minute scrambles for funding late in life.

Business v. Hobby – How to Tell the Difference for Tax Purposes

Are you wondering if you need to pay business taxes on money you earn from your hobby? Find all the information you need in this comprehensive guide.

Research Credit Available as a Payroll Tax Credit Doubled by the Inflation Reduction Act

New businesses that have less than $5 million in gross receipts and that qualify for the research tax credit can elect to use that credit to pay the employer’s share of its employees’ FICA withholding requirement.

Financial Planning for All Ages

Financial planning involves reviewing where your finances are now and identifying steps to getting them to where you want to be. Steps to take discussed here.

Partnership, S-Corp and Trust 2022 Extensions Ending Soon

Calendar year 2022 partnership and S-corporation, returns on extension must be filed by September 15, 2023.

Video Tips: Choosing the Right Entity for a New Business

When you are starting a business, there are several possible business entity types that need to be considered. Contact us for assistance with choosing the right one.

What You Should Know About Potential Tax Implications of the PGA-LIV Merger

The potential merger of the PGA and LIV is one of the biggest sports stories in years. Find everything you need to know about possible tax implications here.

Things To Consider When Starting a Business

When you are starting a business there are several possible business entity types that need be considered to make sure you get started off on the right foot,

Tax, Payroll and Personal Finance Calculators

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

Many provisions in the SECURE 2.0 Act that Congress passed late in 2022 were designed to encourage individuals to save more for their retirement and could impact your retirement plan strategy.

Video Tips: Grandparents – Explore These Tax Breaks

Grandparents rearing grandchildren may qualify for a variety of tax breaks. Watch this video to learn about these tax opportunities.

Taxation and Sales of Inherited Property Get Beneficial Treatment

The taxation of inherited property

Tax Breaks for Grandparents

Grandparents rearing grandchildren may qualify for a variety of tax breaks. They include head of household filing status, child tax credit, earned income tax credit, childcare credit, education credits, and medical expense deductions.

Video Tips: Mistake on Your Tax Return? Here's What to Do

If you realize that you have made a mistake on your tax return or receive a correction notice from the IRS, watch this video for a brief guide on how to proceed.

Mid-Year Tax Planning Checklist

All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability.

Tax Implications of Student Loan Forgiveness

If your student loan debt is forgiven, what are the tax consequences?

Video Tips: IRS Update for IRA RMDs in 2023

The RMD required beginning date for IRA owners who will attain the age of 72 in 2023 has been moved to April 1, 2025.

What You Should Know About the Chart of Accounts in QuickBooks Online

It works in the background as a critical element of QuickBooks Online. Understanding the role of the Chart of Accounts

August 2023 Business Due Dates

The August 2023 Business Due Dates

August 2023 Individual Due Dates

The August 2023 Individual Due Dates

Employee or Independent Contractor – A Primer for Employers and Employees

Misclassifying workers as employees or independent contractors has tax implications for both employers and workers, and is a perennial issue with the IRS and state tax agencies.