The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next … [Read more...]
Form I-9 Flexibilities Ending Soon
April 26, 2022 by Nicholle Peterson
Form I-9 Rule Flexibilities Ending Soon DHS Ending Temporary Policy for Form I-9 Identity Documents Beginning May 1, 2022, the Department of Homeland Security … [Read more...]
Why you should keep good records of major home improvements
April 25, 2022 by Jeff Rislov
When you sell a principal residence that has appreciated in value, you generally can exclude $250,000 ($500,000 for married couples) of the gain from tax. But … [Read more...]
Understanding the terms of health care directives
April 25, 2022 by Larry Stulen
Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there may be different legal names … [Read more...]
The tax mechanics involved in the sale of trade or business property
April 25, 2022 by Jeff Rislov
What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business … [Read more...]
Congress eyes further retirement savings enhancements
April 18, 2022 by Jennifer Lownsbury
In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings … [Read more...]
Tax considerations when adding a new partner at your business
April 18, 2022 by Jeff Rislov
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new … [Read more...]
Tax issues to assess when converting from a C corporation to an S corporation
April 13, 2022 by Jeff Rislov
Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax … [Read more...]
AI for small to midsize businesses isn’t going away
April 6, 2022 by Kelly O'Farrell
Artificial intelligence (AI) has made great inroads into certain sectors of the U.S. economy. However, it hasn’t reached many small to midsize businesses (SMBs) … [Read more...]
Key Franchise Services CDS Offers
March 29, 2022 by Mitchell Erickson
Our Franchise Service Experts can help your business streamline their bookkeeping processes, improve business operations, and reduce failure rates. Let us … [Read more...]
