June 17, 2022
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 The IRS recently announced that it’ll increase the standard mileage rate for qualified business […]
June 13, 2022
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 Virtual currency (also known as cryptocurrency), such as Bitcoin, has been increasing in popularity. Virtual currency may be used to pay for […]
June 9, 2022
Planning for Small Businesses If you own a business, consider the following strategies to minimize your tax bill for 2022. Section 179 Expense and Bonus […]
June 9, 2022
Calculating corporate estimated tax The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules […]
June 7, 2022
3 summertime marketing ideas for 2022 You can’t stop it; you can only hope to use it to your best business advantage. That’s right, summer is […]
June 6, 2022
Check Your Deduction Strategy It’s generally best to itemize your deductions if you have significant personal expenses. However, don’t rule out the standard deduction. For 2022, […]
June 3, 2022
Time Investment Gains and Losses Under the current rules, the 2022 federal income tax rates on long-term capital gains are 0%, 15%, and 20% for most […]