by Cory Carroll | Nov 13, 2023 | tax
The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state and local taxes (SALT) individuals could subtract as itemized deductions. As a workaround, many states have enacted legislation to allow certain pass-through entities... 
by Joyce Kandt | Nov 13, 2023 | tax
On January 3, 2022, the Internal Revenue Service (IRS) Office of Chief Counsel released Interim Guidance stating that taxpayers will be required to include additional documentation for a research credit claim for refund to be considered valid. Specifically, the new... 
by Cory Carroll | Nov 9, 2023 | tax
It’s that time of year again! No, we are not referring to the holidays, but time to review your company’s tax situation, identify tax saving opportunities, and implement strategies before year-end to maximize cash flow. Here are our top 5 things small businesses can... 
by Sara Raby | Nov 8, 2023 | tax
The loss of a family member is difficult to deal with emotionally but handling the logistics of the inheritance and paperwork can be overwhelming. Inheriting an Individual Retirement Account (IRA) now comes with new strict rules and guidelines which every beneficiary... 
by Sara Raby | Nov 6, 2023 | tax
With rising costs of higher education, many parents and other relatives are looking for ways to save for future college expenses for children. The sooner you start saving the more time those investments have to grow. Below, we outline the types of educational savings... 
by Jessica Esquivel | Nov 1, 2023 | tax
Starting January 1, 2024, the Corporate Transparency Act of 2020 (the “CTA”) requires new and existing domestic and foreign entities created in or registered to do business in the United States to disclose information regarding their beneficial owners and company... 