While many are facing difficult times, our lives and business do not stand still. Tax and financial planning are critical, and we urge our friends to be proactive. The following
While many are facing difficult times, our lives and business do not stand still. Tax and financial planning are critical, and we urge our friends to be proactive. The following
As all of us are dealing with the challenges of a global pandemic, income taxes may be the last thought on your mind. As finances are tight, taking advantage of
The CARES Act enacted in March of this year provided considerable resources both to businesses and individuals to keep the economy on life support during the COVID-19 crisis. The bill
As most of you who know me understand, I am a pretty positive person – a “the glass is half full” kind of guy. I enjoy accomplishing goals that make
Substantiation is defined as “to prove the truth of, or to support with truth or evidence”. The IRS requires taxpayers to substantiate tax-deductible personal and business expenses with written documentation.
State and local tax deductions (SALT) have been a part of the federal income tax code since its inception. Over the years, Congress has added or eliminated related taxes such
Gratitude is a feeling of thankfulness; an emotion expressing appreciation for what one has or had. Gratitude can look different for each of us. Regardless of how we respectively define
High School graduation is a time of excitement and joy for most parents and their children. Shortly thereafter, those children are headed off in various directions – the workforce, college,
In preparation for the upcoming tax season, the Internal Revenue Service (“Service”) is working to create new forms, update and resurrect others and scrap the “POST CARD” 1040 from. The
[vc_row][vc_column][vc_column_text] 1. The Standard Deduction: The standard deduction has been nearly doubled for every filing status. The standard deductions are now: $24,000 for those filing married filing jointly and surviving