Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax questions, the answer…read more

COVID-19 may be behind us, however, it is not too late to see if your business is eligible for government funded credits and grants such…read more

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses…read more

Was your business created before March 27, 2020; and employed fewer than 50 Full Time Equivalent (FTE) employees? If so, your business could be eligible…read more

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be…read more

A key fiduciary duty of your not-for-profit’s board of directors is to oversee and monitor the organization’s financial health. Some financial warning signs — such…read more

Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of…read more

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and…read more

Charitable contributions aren’t always eligible for tax deductions — even when the not-for-profit recipient is tax exempt and the donor itemizes. Take “quid pro quo”…read more

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make…read more

Hurricane Harvey has devastated parts of Texas, with many victims are left unable to fulfill tax responsibilities and perform tax-related tasks. The IRS is responding…read more

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating…read more