Many businesses support their communities by donating to local charities. Although there are plenty of nonprofits that deserve your support, some exist solely … [Read more...]
What are your options to fund long-term care expenses?
March 25, 2024
Few things can derail your estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some form of LTC — such as a nursing … [Read more...]
Common Missing Tax Return Items
March 25, 2024
Want your tax return filed quickly and without error? Then double-check this list of items that are often overlooked. These missing items often cause delays in … [Read more...]
Coordinating Sec. 179 tax deductions with bonus depreciation
March 25, 2024
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving … [Read more...]
CDS has successful review by Peers
February 27, 2024
Conway, Deuth & Schmiesing, PLLP (CDS) announced today that it has successfully completed a rigorous peer review of its accounting and auditing practice. … [Read more...]
What’s the best accounting method route for business tax purposes?
February 22, 2024
Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax … [Read more...]
Filing jointly or separately as a married couple: What’s the difference?
February 22, 2024
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain … [Read more...]
Answers to your tax season questions
February 20, 2024
Here are answers to six individual tax season questions we receive at this time of year. … [Read more...]
A power of attorney is a critical component of an effective estate plan
February 1, 2024
While much of your estate plan focuses on actions that take place after death, it’s equally important to have a plan for making critical financial or medical … [Read more...]
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims
February 1, 2024
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable … [Read more...]
