Our Blogs: Taxing Times

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Welcome to our blog page! We know taxes and financial topics can be confusing at times, so we’re here to help. To keep up with our monthly blogs, be sure to follow us on Facebook and LinkedIn. Have a topic you’d like to have us cover in a blog? To make a suggestion, you can post a comment in our social channels. We’d love to hear from you!

  • How to Avoid the IRS’s Dirty Dozen

    The IRS's annual "Dirty Dozen" list has returned, shedding light on evolving tax scams that can catch taxpayers, businesses, and tax professionals off guard. This annual campaign is designed to raise awareness about the variety of schemes that can emerge, particularly during tax season, but continue to pose threats throughout the year. The Dirty Dozen serves as a reminder to remain vigilant against these scams, which range from phishing emails to fraudulent tax preparers and beyond.

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  • Navigating Retirement Planning for Small Businesses

    Retirement planning is not just about setting aside funds for a comfortable retirement. It's about laying the groundwork for long-term financial security and peace of mind. For small business owners—who often invest their time, energy, and resources into building their businesses—retirement planning is an essential aspect of ensuring that their hard work pays off in the form of a secure financial future. Here’s how.

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  • Navigating the Tax Landscape of Employee Equity: A Comprehensive Guide to Stock Options

    In the dynamic realm of employee compensation, employee equity is an increasingly popular form of remuneration that grants employees ownership in the company. This non-cash pay comes in various forms, including stock options, restricted shares, and performance-based shares. Understanding the tax implications of these equity options is crucial for both employers and employees.

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  • New FinCEN Reporting Requirements: Understanding the Upcoming Changes

    Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury bureau, is introducing significant reporting requirements focused on identifying and reporting beneficial owners and individuals involved in the operation, formation, and ownership of a business entity.

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  • The Ins and Outs of Estate Planning: How to Protect Your Assets

    One of the key reasons why estate planning is important is to have control over who receives your assets. Without a clear plan in place, the distribution of your estate may be subject to interstate laws, which vary by jurisdiction. This could result in unintended beneficiaries receiving a portion of your assets or leaving loved ones without the resources they need.

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  • Tips for Reducing Your Tax Liability: Smart Strategies to Keep More of Your Money

    Taxes are an inevitable part of life, but that doesn't mean you can't employ legitimate strategies to reduce your tax liability and keep more of your hard-earned money. By minimizing your taxable income through strategic planning and smart financial moves, you can save a significant amount on your tax bill. In this blog post...

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  • Differences Between IRS Forms 1120 and 1120-H

    Throughout our various engagements with Community Associations, and our ongoing conversations with Board Members and management personnel, some of the most common questions pertain to income taxes. These include:

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  • Must-Know Accounting Terms for Individuals and Businesses

    Whether you are running a small business or just managing your household finances, understanding some key principles and terms of the accounting world can help you make smarter financial decisions.

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  • How to Avoid Becoming a Victim of Personal Financial Fraud

    Financial fraud and financial statement fraud can be a major threat to your personal finances. It is important to be aware of the potential red flags that may indicate fraudulent activities...

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