Insights from Your Trusted Financial Partner

  • Stock Trading Business and What it Means for Your Taxes

    The average American taxpayer is not aware that people who officially qualify as running a trading business receive special tax treatment. Their i...
  • How Much Does the US Lose in Tax Evasion

    As part of its oversight role, Congress is constantly assessing the economic health of the United States, so hearing from Internal Revenue Service...
  • Defer Tax Payment with Installment Sales

    Article Highlights: Capital gains rates Surtax on net investment income How it works Existing mortgages Tying up your funds Tax law changes Sell...
  • How Employee Stock Options Are Taxed

    Article Highlights: Non-statutory Option Wage Income Statutory (Incentive) Options Capital Gains Alternative Minimum Tax  Employee Stock Options...
  • SBA Raises Loan Limit For COVID-19 Loans to $500,000

    SBA Loan Opportunities As U.S. businesses continue to recover from COVID-19’s economic devastation, the U.S. Small Business Administration (SBA) i...
  • Don’t Overlook Foreign Account Reporting Requirements

    Article Summary: Foreign Account Reporting Requirement Financial Crimes Enforcement Network Penalties for Failure to File Type of Accounts Affec...
  • Writing Off Your Business Start-Up Expenses

    Article Highlights: $5,000 First-year Start-up and Organizational Expense Write-off Timely Filing Requirements Qualifying Start-up Expenses Trade...
  • Tax Filing Deadlines Are Rapidly Approaching

      Article Highlights: Filing Due Date Balance due payments  Contributions to a Roth or traditional IRA Estimated tax payments for the first quar...
  • Easily Check the Status of Your Refund

    Article Highlights: Your Federal Tax Refund Status Can Be Checked Online Delay When Claiming Earned Income Tax Credit or Additional Child Tax Cre...
  • IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income

      Article Highlights Prior Filed Returns with Unemployment Income American Rescue Plan’s $10,200 Exclusion IRS Automatic Adjustment Refund Appli...
  • Don’t Miss Out on Tax Credits

    Article Highlights:  Non-refundable vs. Refundable Credit Childcare Credit Earned Income Tax Credit Child & Dependent Tax Credit Saver’s Cred...
  • You Can Expense Business IT Purchases

    Article Highlights: Depreciation Material & Supply Expensing De Minimis Safe Harbor Expensing Routine Maintenance Bonus Depreciation Section ...