When are you considered a Household Employer?

When are you considered a Household Employer?

In today’s world it is common to have domestic help; from gardeners and housekeepers to nannies and home health care assistance.  The question is, when does this situation turn into an employer and employee relationship and what are the filing requirements and...
Things to do before the end of 2021

Things to do before the end of 2021

This is the time of year to do some year end tax planning and implement some of those ideas before December 31st.  With tax law changes looming from congress there are some things that may be implemented retroactively to Sept 14, 2021 and others that are expected to...
Expanded Child Tax Credits and Child Care Credits for 2021

Expanded Child Tax Credits and Child Care Credits for 2021

The American Rescue Plan Act of 2021 passed in March has expanded the Child and Dependent Care and Child Tax Credits available for the 2021 tax year.   Child Tax Credit  The total credit is up to $3,000 per qualifying child ages 6-17 at the end of 2021.  For...
5 Things to Know about Donor Advised Funds

5 Things to Know about Donor Advised Funds

What is a donor-advised fund? A donor-advised fund (DAF) is like a personal charitable giving savings account.  It allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.  The donor can...