While the 2020 tax filing season promises to be less confusing than 2019, there are still a number of changes that taxpayers should be aware of. Continue reading
What’s New for the 2020 Tax Filing Season
Leave a reply
Category Archives: Tax Preparation
Important Tax Changes for Individuals and Businesses
Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead. Continue reading
Business Tax Provisions: The Year in Review
Here’s what business owners need to know about tax changes for 2019. Continue reading
Individual Taxpayers: Recap for 2019
As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2019. Continue reading
Tax Tips for Owners of Historic Buildings
If you own a historic building, you should know about a tax credit called the rehabilitation tax credit, which offers an incentive to renovate and restore old or historic buildings. Continue reading
Tax Treatment of Virtual Currency Transactions
If you’ve invested in Bitcoin and decide to sell, you need to consider the impact of virtual currency transactions on your taxes. Here’s what you should know: Continue reading
Year-End Tax Planning for Individuals
With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies you can use to minimize your tax burden for next year. Continue reading
Be Prepared When Natural Disasters Strike
While Fall is the prime time for Atlantic hurricanes, natural disasters of all kinds can strike at any time. As such, it’s a good idea for taxpayers to think about–and plan ahead for–what they can do to be prepared. Continue reading
New Tax Rules for Divorce and Alimony Payments
Divorce is a painful reality for many people both emotionally and financially, and quite often, the last thing on anyone’s mind is the effect a divorce or separation will have on their tax situation. To make matters worse, most court decisions do not take into account the effects divorce or separation has on your tax situation, which is why it’s always a good idea to speak to an accounting professional before anything is finalized. Continue reading
Tax Preparation vs. Tax Planning
Many people assume tax planning is the same as tax preparation but the two are actually quite different. Let’s take a closer look: Continue reading
