Insights

July 5, 2022

New tax reporting requirements for payment apps could affect you

If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting […]
June 28, 2022

Your estate plan: Don’t forget about income tax planning

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. […]
June 24, 2022

Standard business mileage rate will increase for the second half of 2022

The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of 2022. The adjustment reflects the soaring […]
June 21, 2022

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased […]
June 17, 2022

Checking in on your accounts payable processes

Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in […]
June 17, 2022

Applying for Tax-Exempt Status

Applying for Tax-Exempt Status Entities applying for federal tax-exempt status should know the following: Organized and operated. To qualify for tax-exempt status under Code Sec. 501(c)(3), an […]
June 15, 2022

Standard business mileage rate will increase for the second half of 2022

Standard business mileage rate will increase for the second half of 2022 The IRS recently announced that it’ll increase the standard mileage rate for qualified business […]
June 13, 2022

Planning for Reverse Mortgages

Planning for Reverse Mortgages Due to current inflation rates, some individuals are suffering from cash flow issues. If you are age 62 or older and have […]
June 10, 2022

Planning for Virtual Currency

Planning for Virtual Currency Virtual currency (also known as cryptocurrency), such as Bitcoin, has been increasing in popularity. Virtual currency may be used to pay for […]
This site uses cookies to improve your user experience. Read More