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Category Archives: Tax

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Jan272021

11 Ways Biden’s Rescue Plan Might Impact Your Taxes

Blog, TaxBy Editorial TeamJanuary 27, 2021

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.

Jan202021

COVID Relief Package Overview

Blog, Business Owner/Self Employed, Coronavirus, TaxBy Editorial TeamJanuary 20, 2021

We provide an overview of many of the tax provisions included in the Consolidated Appropriations Act, 2021.

Jan132021

Addressing Tax Problems Due to COVID-19

Blog, Coronavirus, TaxBy Editorial TeamJanuary 13, 2021

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.

Dec182020

Employee Holiday Gifts May Be Taxable

Blog, Business Owner/Self Employed, TaxBy Editorial TeamDecember 18, 2020

Are you giving your employees a holiday gift? It may be taxable – we explain.

Dec162020

Don’t Miss the Opportunity for a Spousal IRA

Blog, Family Finances, Retirement, TaxBy Editorial TeamDecember 16, 2020

Spousal IRAs allow a non-working or low-earning spouse to contribute to their own IRA, provided their spouse has adequate compensation.

Dec152020

Planning Priorities: Tax Moves Before Year End

New Year/End of Year, Tax, VideoBy Editorial TeamDecember 15, 2020

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.

Dec112020

Preparing for 2021: 6 Tax Planning Strategies for Small Business Owners

Blog, Business Owner/Self Employed, Coronavirus, TaxBy Editorial TeamDecember 11, 2020

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…

Dec92020

What Happens if I Receive an IRS CP2000 Notice?

Blog, TaxBy Editorial TeamDecember 9, 2020

If you receive a CP2000 notice, you don’t need to panic — but you do need to know what to do.

Dec42020

Don’t Miss Out on Year-End Tax-Planning Opportunities

Blog, Business Owner/Self Employed, Coronavirus, TaxBy Editorial TeamDecember 4, 2020

2020 has given rise to more than the usual tax-planning opportunities. You’ll need to act before the end of the year to take advantage of the tax benefits and strategies available for 2020.

Dec22020

Beware of New Text Scam Related to Stimulus Payments

Blog, Coronavirus, Cybersecurity, TaxBy Editorial TeamDecember 2, 2020

The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment (EIP) that Congress authorized last Spring.

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