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!

  • 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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  • 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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  • Business Expenses You Didn’t Know are Tax Deductible

    Smart businesses are always looking for ways to make the most of their tax deduction eligibility. Some strategies include staying up to date on changes in the tax code such as modified credit for pension plan start-up costs and shifts in net operating rules. Others are simpler, such as meeting your tax deduction deadline for filing and understanding which purchases are tax deductible.

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  • Caution: Employee Retention Tax Credit Claims by Third-Party Promoters

    Many of our clients are being bombarded with radio advertising, spam emails, and other marketing pitches...

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  • Effective Debt Management for Business Owners

    Debt can be an effective tool for growing a business, but it can also feel like a burden if it becomes too much to handle. Finding that balance and managing debt effectively is what can set a successful business apart from the rest.

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  • What the 606 Revenue Recognition Standard Means for your Association’s Financial Statements

    The Financial Accounting Standards Board (FASB) issued an update to Revenue from Contracts with Customers (Topic 606) in 2014, but it became effective for year-end 2019 financial statements and is now a generally accepted accounting principle.

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  • Buying a Home: What to Know and How to Prepare

    Owning a home is one of the most significant dreams that many people work toward in life. Seventy-four percent of Americans want to own a home, but many find affordability to be a challenge.

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