Are You Ready for Tax Season?
Tax time is right around the corner — Are you prepared? We outline where to begin, what’s new for 2020, and which transactions deserve extra attention.
Increased Business Meal Deductions for 2021 and 2022
For 2021 and 2022 only, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100% of business meal expenses.
11 Ways Biden’s Rescue Plan Might Impact Your Taxes
The anticipated cost of Biden’s American Rescue Plan, if all of the proposals are agreed to by Congress, is $1.9 trillion. We outline 11 proposals that may affect your taxes.
COVID Relief Package Overview
We provide an overview of many of the tax provisions included in the Consolidated Appropriations Act, 2021.
Addressing Tax Problems Due to COVID-19
2021 might be the year you should ask a tax professional to help address some of the unique tax challenges that COVID-19 has caused for your 2020 taxes.
Employee Holiday Gifts May Be Taxable
Are you giving your employees a holiday gift? It may be taxable – we explain.
Don’t Miss the Opportunity for a Spousal IRA
Spousal IRAs allow a non-working or low-earning spouse to contribute to their own IRA, provided their spouse has adequate compensation.
Planning Priorities: Tax Moves Before Year End
In this episode of Planning Priorities, Emily Rubenstein, CPA, a Tax Consultant with Henssler CPAs & Advisers, highlights some moves you can make in the next few weeks to improve your 2020 tax situation.
Preparing for 2021: 6 Tax Planning Strategies for Small Business Owners
If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also minimize your expenses and your tax liability. Unfortunately, far too many entrepreneurs are not well-versed on the tricks and tools available to them and end up paying far more…
What Happens if I Receive an IRS CP2000 Notice?
If you receive a CP2000 notice, you don’t need to panic — but you do need to know what to do.