Taxes April 1, 2026
You’re Too Late for the Best Savings on Your 2025 Taxes – It’s Time to Start on Next Year’s Taxes
While you’re still in tax mode, use the completion of your 2025 taxes as impetus to begin proactive planning in 2026.
Taxes February 19, 2024
How Work From Home Will Save More Small Business Owners on Taxes This Filing Season
As more entrepreneurs embrace remote and hybrid work, they are making sure to write off their home office—but know the rules first.
Tax Planning December 29, 2023
Should You Elect to Forgo Preferential Tax Treatment on Capital Gains and Dividends?
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
Taxes December 27, 2023
Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
Tax Planning December 21, 2023
2024 Tax Planning Tips from Grant Thornton
Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing.
Taxes December 10, 2023
Decoding the Difference: Tax Planning vs. Advisory
Let’s talk through how these two functions differ, and how you as a tax professional can better define them for your clients to create additional revenue streams.
Taxes October 25, 2023
Tax Benefits of 2023 Year-End Charitable Gifts
Keep this tax break in your hip pocket as the year winds down.
Taxes June 28, 2023
AICPA Recommends Changes to IRS Form 706-GS (D-1)
Form 706-GS(D-1) is used by trustees to report certain distributions from a trust that are subject to the generation-skipping transfer tax (GSTT).
Taxes June 21, 2023
Understanding Estate Planning Will Help Cut Your Tax Liability
By employing effective estate and tax strategies, business owners can optimize their financial legacies and minimize tax hurdles.
Taxes June 20, 2023
Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies
House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies.
Small Business June 20, 2023
Most Small Business Owners Don’t Want Their Kids to Inherit and Run Their Business
Among parents, nearly all (94%) want their children to forge their own path, rather than follow in their footsteps.
Taxes April 21, 2023
AICPA Recommends Improvements to Regulations on Section 645, Election to Treat Trust as Part of an Estate
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.
Taxes November 29, 2022
How to Salvage a Partial Home Sale Exclusion
Under the current rules, a short-term gain on property held for a year or less is taxed at ordinary income rates topping out at 37%.