There’s a favorable “stepped-up basis” if you inherit property
A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual gets in property >>
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Paperwork you can toss after filing your tax return
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. >>
Your Tax Returns Are Filed. Now What?
Congratulations! Your tax returns are filed for the 2022 tax year! You might be tempted to wait until the end of 2023 to think about taxes >>
How businesses can use stress testing to improve risk management
If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is >>
Some taxpayers qualify for more favorable “head of household” tax filing status
When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household (HOH) or qualifying widow(er). >>
Make a fraud recovery plan now, before your nonprofit is defrauded
According to the Association of Certified Fraud Examiners (ACFE), not-for-profit organizations make up 9% of all defrauded organizations. Such attacks — and losses — can >>
Personal Use of a Company Car
Don’t Let Tax Consequences Catch You Unaware With many workers returning to the office and in-person meetings, and no shortage of deliveries of online orders, it’s >>
Look to a SWOT analysis to make better HR decisions
Many business owners spend most of their time developing strategic plans, overseeing day-to-day operations and, of course, putting out fires. Yet an underlying source of >>
Sailing a steady ship in today’s interesting economy
Business owners: If you’re having trouble reading the U.S. economy, you’re not alone. On the one hand, the January 2023 jobs report revealed that the unemployment >>
How Much Should My Business Pay Me?
Part 2 You own the business, now how much should you get paid for your hard work and expertise? In Part 1 of this two-part series, >>
