Employers: The Social Security wage base is increasing in 2022
The "wage base" for Social Security tax for 2022 was recently announed.
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Outlook
News, views, and ideas shaping the future.
Heather Bucher
Oct 20, 20212 min read
Engaging in customer-focused strategic planning
Whether the customer is always right is debatable, but businesses should put their customers first when developing a strategic plan.
Avleen Marwah
Oct 19, 20213 min read
You may owe "nanny tax" even if you don't have a nanny
In 2021, if you pay a household worker cash wages of $2,300 or more, you must withhold and pay Social Security and Medicare taxes.
Brian Stautberg
Oct 13, 20216 min read
Debate continues in Congress over proposed tax changes
The fate of the Build Back Better Act & the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations.
Victoria Ma
Oct 12, 20213 min read
Vacation home: How is your tax bill affected if you rent it out?
A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.
Chris Collins
Oct 11, 20212 min read
New per diem business travel rates became effective on October 1
The IRS has announced the special “per diem” rates that became effective Oct. 1, 2021. Here are the basics of these rates.
Michelle Grant
Sep 17, 20214 min read
Disasters and your taxes: What you need to know
Have you been affected by one of the natural disasters that have occurred this year? Tax relief may be available if you know where to look.
Janie Evans
Sep 15, 20212 min read
Opening a new location calls for careful planning
Ambitious enough to open a second location of your business? The idea may have merit, but you’ll need to explore all aspects of it first.
Avleen Marwah
Sep 15, 20213 min read
Selling a home: Will you owe tax on the profit?
If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income.
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Sep 13, 20213 min read
Tax breaks to consider during National Small Business Week
Before Dec. 31, you may want to make some tax moves to save on 2021 taxes. Here are a few strategies.
Sarah Dmytryk
Sep 7, 20213 min read
Planning for year-end gifts with the gift tax annual exclusion
Making tax-free gifts by year end can reduce the size of your taxable estate & may be one way to recognize & address this potential threat.
Linda Brogan
Sep 7, 20212 min read
You can only claim a casualty loss tax deduction in certain situations
The rules for deducting personal casualty losses on a tax return have changed through 2025. Can you still claim a deduction?
Jen Frost
Sep 1, 20212 min read
5 questions to ask about your marketing efforts
Your company’s marketing efforts may feel like a roll of the dice. Here's how you can put the odds in your favor.
Tricia Austing
Aug 16, 20212 min read
Possible tax consequences of guaranteeing a loan to your corporation
If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications.
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Aug 10, 20212 min read
Scholarships are usually tax free but they may result in taxable income
If your child receives a scholarship, is the amount taxable income? Here are the rules.
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Aug 9, 20212 min read
Large cash transactions with your business must be reported to the IRS
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
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Aug 4, 20213 min read
SBA streamlines forgiveness for smaller PPP loans
The SBA has eased the process of forgiving a PPP loan. Here’s how.
Jamie Applegate
Aug 4, 20212 min read
5 possible tax aspects of a parent moving into a nursing home
Long-term care, including nursing home care, is expensive. Fortunately, there may be tax breaks if your parent is moving into a nursing home
Heather Bucher
Jul 28, 20212 min read
Get serious about your strategic planning meetings
For any business large or small, strategic planning is no joke. Here are some best practices for producing exciting ideas for a great future
Chris Collins
Jul 28, 20212 min read
You may have loads of student debt, but it may be hard to deduct the interest
Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.
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