News & Insights

Tax Implications of Renting Out My Property

With vacation rentals on the rise, many people search sites like VRBO or Airbnb when going on vacation, heading out of town for a wedding, or attending a kids’ sporting events. It’s no wonder these sites have become…

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Don’t Procrastinate: The Benefits of Filing Taxes Sooner than Later

Although no one is comfortable with the COVID-19 pandemic that we’ve all been experiencing, procrastinators everywhere breathed a collective sigh of relief when the IRS…

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Starting a Business? Your Timing May Be Perfect!

The coronavirus pandemic is providing the opportunity for workers to contemplate their current business and income situation. Many people have either lost jobs or are…

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Beware of COVID-19 Scams

You’re probably aware that the federal government is handing out money in the form of an Economic Impact Payment (EIP). You may even have received…

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Financial Assistance for Small Businesses

Updated Monday, April 27, 2020. Many businesses throughout the world have been negatively impacted by the COVID-19 outbreak and the resulting rules and restrictions around…

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Effects of the Tax Deadline on Estimated Taxes

By now, you’re probably aware of the extension of the tax filing deadline to July 15, 2020. It’s big news these days since it’s something…

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Deadline for 2019 Federal Income Taxes Extended

In an unprecedented move, the U.S. Treasury Secretary announced last week that the federal income tax filing deadline for 2019 has been extended to July…

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Worried About an Audit of Your Small Business? Avoid these Red Flags

For many small businesses, the thought of getting audited by the IRS is terrifying. The mere notion of having to sit down with an auditor…

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Charitable RMDs for 2020: Here are the Highlights

Back in November, we talked a little bit about using RMDs – required minimum distributions from your qualified retirement account – to decrease your tax…

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