General Tax

Categories

Tax Implications of Legal Gambling

July 19, 2024

With the rise of legal gambling, sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Read more to find out the thresholds for different types of gambling and how to report your earnings accurately.

Financial Mistakes Startups Should Avoid

July 18, 2024

Launching a startup is an exciting venture, but it's easy to overlook some crucial financial aspects. Financial mistakes can make or break your startup's success. Learn how to avoid these common pitfalls and build a thriving business.

2024 Q3 Tax Calendar

July 15, 2024

Summer is here and tax deadlines are probably the last thing on your mind. But there are some important 2024 Q3 tax payment filing deadlines that businesses and employers can’t afford to forget about.

Employee Retention Credit Processing

July 10, 2024

The IRS is making significant strides in processing Employee Retention Credit claims. Gain a deeper understanding of these recent updates and their implications for your business.

A Non-Controlling Shareholder Can Sell Private Company Stock

July 9, 2024

Selling private company stock can be challenging for a non-controlling shareholder. This article explores the critical considerations, from understanding company restrictions to finding the right buyers and planning for taxes.

Financial Planning for College

July 1, 2024

Financial planning for college expenses should be started as soon as possible. Also, you need to understand the effect of student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.

Preparing for Post-TCJA

June 25, 2024

Preparing for post-TCJA corporate tax changes in 2026 and beyond should be explored now. This article clarifies the complex tax landscape and offers valuable foresight for businesses.

Planning Ahead: How the End of TCJA Provisions Will Affect an Individual’s Taxes

June 25, 2024

VIDEO: Individual tax changes are coming by 2026, and preparation is key to staying ahead. This article offers a peek into the future of tax laws and how they could influence your finances. Don't miss out on this chance to future-proof your tax strategy.

Understanding the Child and Dependent Care Credit

June 25, 2024

VIDEO: Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don't miss this opportunity to reduce your tax bill!

New MN Retail Delivery Fee Begins July 1, 2024

June 24, 2024

Read more about the new Minnesota Retail Delivery Fee going into effect on July 1, 2024 to learn more about who it applies to, details of the fee, and exemptions.

Alternative Minimum Tax Basics for Individuals

June 24, 2024

Understanding the Alternative Minimum Tax (AMT) can be complex, but it's essential for strategic tax planning. This article guides you through the process of calculating your AMT and offers useful strategies for minimizing its impact.

Buying a Business – Plan Ahead

May 30, 2024

If you’re buying a business, the way the transaction is structured can lead to better or worse tax results, but you need to plan in advance of the acquisition.

Tax Considerations of Adding a New Partner

May 28, 2024

There are several financial and legal implications when adding a new partner to a partnership. Although the entry of a new partner may seem simple, you should plan properly to avoid tax problems.

Inherited IRAs Waiver for 2024

May 13, 2024

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.

Voluntary Withholding on Social Security Payments

May 9, 2024

Unsure whether to set up voluntary withholding for your social security payments? Read more to see how voluntary withholding can help spread your tax liability over the year and make budgeting simpler.