The Correct Tax Treatment of Employee Bonuses
A common question from business owners is: How can we reward our employees with a bonus that does not run through payroll? Unfortunately,...
A common question from business owners is: How can we reward our employees with a bonus that does not run through payroll? Unfortunately,...
As a component of a larger spending bill, Congress has passed SECURE 2.0, which is a set of new rules designed to make retirement savings...
As you know, Joe Biden has initiated the process of canceling student loan debt up to $10,000 for eligible borrowers. There is an...
Shortly after the pandemic began shutting down businesses in early 2020, Congress passed a series of relief measures designed to throw a...
Yesterday, a client of mine received the above email and forwarded it to me. I am glad she did, because it is a fake. In recent years,...
Many of you are receiving emails from SBA like this one that are promoting targeted advance payments that do not need to be repaid. If...
In a normal tax year, our tax planning strategy would be to minimize taxes now and worry about next year’s taxes, well, next year. 2021...
Many of us taxpayers and tax practitioners began experiencing service issues with the IRS right about the time the pandemic hit in early...
I sat in on a webinar yesterday where Karen Miller, tax professor at The University of Alabama, provided insight on the latest on...
HRSA will begin accepting applications for its latest round of Provider Relief Fund grants on September 30, 2021. Though it is unclear...
Last month, the New York City District Attorney’s office announced that it had indicted Allen Weisselberg, The Trump Organization’s CFO...
I am not sure you could call this “under the radar” because it has gotten plenty of attention, but Biden’s plan to eliminate the basis...
A couple nights ago, President Biden addressed the nation and unveiled his American Families Plan. The key tax benefits are an increase...
As a tax advisor, I field countless questions regarding what is a deductible business expense and what is not. While some expenses are...
Non-residential real property is deductible over 39-years, so by the time most doctors are in the financial position to consider...
You can't have your cake and eat it too. You've heard that expression, right? Said another way, you have choices in life, and oftentimes,...
Recently, I participated in a routine year-end tax planning conference with a client who had a very good income year. In expressing her...
Since the enactment of the Tax Cuts and Jobs Acts of 2017, I have spent A LOT of time learning about and planning for the Qualified...
“Why should I choose you?” is a question I hear often from dentists who are contemplating a change. My typical response is that I am not...
When I was a partner in a larger accounting firm, our firm owners met with a consultant to discuss an overhaul of our owner compensation...