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Tax Implications of Common Business Decisions: A Strategic Guide
Every business decision has a tax impact - some obvious, some hidden. Understanding these implications before you act can save...
3 min read
Top Tax Issues Pass-Through Entities Should Consider in 2025
Pass-through entities, including partnerships, S corps, and LLCs, can benefit from tax advantages due to their structure.
3 min read
Interest Rates and Retirement Contribution Limits Increase for 2023
The IRS recently released information about 2023 increases that may affect taxpayers. When planning for 2023, there are several things to...
2 min read
ERC Updates
The employee retention credit (ERC) has been one of the most beneficial forms of pandemic relief for the restaurant industry. However,...
4 min read
IRS Warns Employers to be Cautious of Schemes and Solicitations Promising ERC Help
The IRS on October 19 issued IR-2022-183, warning employers to be wary of promotions for the employee retention credit (ERC) that sound...
3 min read
2022 Year-End Tax Planning for Businesses
U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and...
24 min read
2022 Year-End Tax Planning for Individuals
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to...
8 min read
High Inflation May Affect Your Taxes Next Year
The Internal Revenue Service (IRS) recently announced next year’s inflation adjustments, which are higher than average due to increased...
2 min read
Tax Planning Tips for High-Net-Worth Individuals
Proper planning is crucial for all taxpayers, but effective tax planning and strategy is a necessity when it comes to high-net-worth...
3 min read
IRS Provides Broad Penalty Relief for Some 2019, 2020 Returns
The IRS on August 23, 2022, announced it will grant automatic penalty relief for late-file penalties imposed with respect to certain...
1 min read
Estate Planning Basics to Minimize Taxes
Although it may seem overwhelming, estate planning doesn’t have to be a daunting or complicated process. Even if an estate’s assets are...
2 min read
Is Your Company Effectively Managing Tax Risk?
The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for...
5 min read
Remote Employees’ Transportation and Travel to the Office: Taxable or Nontaxable?
Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee...
5 min read
Qualified Charitable Distributions: What You Need to Know
Most American taxpayers now take the standard deduction when they file federal taxes, which means they can no longer take a deduction for...
2 min read
Tax Breaks for Businesses and Self-Employed Taxpayers
It is never too soon to start planning for taxes. Businesses and self-employed taxpayers should make certain they are taking advantage of...
6 min read
Families May Be Eligible for the 2022 Connecticut Child Tax Rebate
Connecticut families with children may be eligible for up to $750 ($250 per child up to three children) through the Connecticut Child Tax...
1 min read
Updated Tax Brackets and Other Changes for 2022
The IRS has released updated tax brackets, standard deductions, and other updates to keep in mind as you plan for 2022 taxes.
3 min read
Some Taxpayers Can Expect Higher Payroll Taxes in 2022
Due to a significant cost of living increase announced by the Social Security Administration (SSA), retirees and other recipients can...
2 min read
Remote Workers May Have Tax Implications
Since the onset of the pandemic, more than half of U.S. employees have worked remotely at some point. While remote work can be appealing...
2 min read
New digital asset reporting requirements will be imposed in coming years
The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting...
3 min read
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