Tax Strategy

Using Your Health Savings Account as a Tax and Retirement Planning Tool

February 14, 2023

Here is an overview of the tax benefits as well as important facts regarding participating in HSAs.View

2022 Year-End Tax Policy Considerations

December 12, 2022

Consideration should be given to potential year-end tax related legislation, knowing the current administration has several weeks to accomplish some of its agenda during the lame duck session.View

4 Rules Surrounding Like-Kind Exchanges

May 27, 2022

The 1031 exchange is a common tax planning opportunity, but understanding the requirements is vital to obtaining the expected tax result. Here are the rules surrounding a 1031 exchange.View

SECURE 2.0 Provides More Retirement Opportunities and Flexibility

April 26, 2022

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in late 2019, greatly expanded retirement tax benefits to companies and their employees. Some key provisions of SECURE Act 2.0 are discussed here.View

Understanding Your Company’s Retirement Plan is Key to Your Tax Planning Strategy

February 18, 2022

Many companies offer the common 401(k) retirement to their employees, including the owners. Oftentimes, owners and their employees are unaware of additional planning strategies that are available to them that could improve their personal tax situations.View

Could the Work Opportunity Tax Credit Save Your Company Money When Hiring New Employees?

December 3, 2021

As we continue to navigate through the pandemic, many employers are facing hiring needs.View

Now is the Time to Start Preparing for Your Business to Be Sold

August 27, 2021

Here are key factors to consider as you prepare your business for a future sale.View

How to Determine ‘Reasonable Compensation’ in an S Corporation

June 29, 2021

In private companies, the shareholder(s) and/or their family members are often employees of the corporation. It is important for business owners to ensure that compensation paid to a shareholder-employee is reasonable.View

Potential Tax Law Changes Under the American Jobs Plan That Would Affect Individual Taxpayers

May 14, 2021

The passage of The Consolidated Appropriations Act and The American Rescue Plan were both geared toward stimulating the economy and providing pandemic-related financial benefits to businesses and individuals.View

Understanding President Biden’s $1.9 Trillion Economic Rescue Package

February 5, 2021

Here are highlights of the plan’s tax and government aid proposals that will impact small businesses as well as their employees.View