Are You Able to Deduct Student Loan Interest on Your Tax Return?

Tuesday, October 31, 2023
The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you can...... Read More

A tax-smart way to develop and sell appreciated land

Monday, October 30, 2023
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for a hefty profit, it could...... Read More

New report identifies high-risk areas in financial reporting

Thursday, October 26, 2023
In July 2023, the Public Company Accounting Oversight Board (PCAOB) published a report that highlights common areas of audit deficiencies for public companies. Private companies face similar challenges when reporting...... Read More

Earn A Tax Break By Making "Green" Home Improvements

Tuesday, October 24, 2023
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home more...... Read More

How should shareholders treat expenses paid personally?

Monday, October 23, 2023
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. These costs may end up being nondeductible both by an...... Read More

Overhead allocations: Rising costs require a fresh, disciplined mindset

Thursday, October 19, 2023
From utilities and interest expense to executive salaries and insurance, many overhead costs have skyrocketed over the last few years. Some companies have responded by passing along the increases to...... Read More

5 Potential Tax Implications of Moving Your Parent into a Nursing Home

Tuesday, October 17, 2023
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be...... Read More

Properly classify independent contractors

Monday, October 16, 2023
Many businesses use independent contractors to help keep their costs down — especially during staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly...... Read More

5 steps to track vehicle mileage in Quickbooks

Thursday, October 12, 2023
Your organization may need to track business miles to maximize its tax deductions, reimburse employees for personal vehicle use, and comply with IRS rules and regulations. Navigating this process can...... Read More

Retirement account catch-up contributions can add up

Tuesday, October 10, 2023
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here are the rules of the...... Read More