Tax Articles
Exploring Funding Mechanisms for Long-Term Care Expenses
Posted by Robert Ingrasci on March 14, 2024
To safeguard your assets earmarked for heirs, it's crucial to have a funding plan in place for long-term care insurance and expenses.
The Hidden Tax on Social Security Benefits
Posted by D’Marie Kleeman on March 12, 2024
It is important to know the nuances of how Social Security benefits are taxed, as many people wrongly think that these benefits are completely free from federal income tax.
2023 Year-End Tax Planning Guide - Business Incentives & Tax Credits
Posted by Kristin Re’ on March 12, 2024
Learn about refundable payroll tax credits, earning tax credit for increasing research activities, tax credit monetization and more in this guide covering business incentives and tax credits.
Maximizing Tax Benefits: Utilizing the Work Opportunity Tax Credit in Manufacturing
Posted by Kristin Re’ on March 12, 2024
Claiming the Work Opportunity Tax Credit is a federal tax credit that offers manufacturers an opportunity to diversity the workforce while realizing significant tax saving.
Optimizing the Qualified Business Income Deduction
Posted by Brian Kern on March 11, 2024
Eligible businesses can claim the qualified business income (QBI) deduction until 2025. After that, it will expire unless Congress decides to keep it. So take advantage of the tax benefit while it’s still available.
2023 Year-End Tax Planning Guide - State and Local Tax
Posted by Mark Stack on March 06, 2024
With thousands of taxing jurisdictions, from school boards to counties and states, and many different types of taxes, state and local taxation is complex. Each tax type comes with its own set of rules — by jurisdiction — all of which require a different level of attention.
Maximizing Tax Advantages: Research Credit and Payroll Taxes
Posted by Kristin Re’ on March 04, 2024
Commercial businesses can benefit from the research and payroll tax credits available through the Inflation Reduction Act.
2023 Year-End Tax Planning Guide for Businesses - International Tax and Transfer Pricing
Posted by Mark Janulewicz on February 27, 2024
This guide examines international tax planning circumstances, foreign tax credit considerations, and more as businesses plan for the year end and the coming year.
Maximizing Unused 529 Plan Funds: The 529-to-Roth IRA Transfer Option
Posted by Bradley Bach on February 27, 2024
Effective in January 2024, you can move funds that are not used in a 529 plan to a Roth IRA for the same beneficiary, with no tax or penalties.
Strategies for Tax-Efficient Cash Withdrawals from Your Corporation
Posted by Megan Morris-Smith on February 26, 2024
Dividends paid out by a corporation are taxable to shareholders, however there are strategies to extract cash from your closely held corporation without dividend treatment. These strategies include reasonable compensation, fringe benefits, capital repayments, loans, and property sales.