Intuit QuickBooks Online Prices Going Up, Again
The pricing of QuickBooks Online is increasing. This may cause some concern, but it's important to understand why there are increases.
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Outlook
News, views, and ideas shaping the future.
Rose Wilson
Jun 7, 20232 min read
Reduce the impact of the 3.8% net investment income tax
High-income taxpayers may face the 3.8% net investment income tax. This article explains who the tax applies to & strategies to minimize it.
Brian Stautberg
Jun 6, 20233 min read
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
Mary Pat Brady
Jun 5, 20232 min read
Traveling for business this summer? Here’s what you can deduct
Here’s a rundown of the tax deductions you can claim for business travel.
Jay Rueger
May 31, 20233 min read
Avoid succession drama with a buy-sell agreement
If your business has multiple owners, building a buy-sell agreement into your succession plan is strongly advised. Here’s how these work.
Timm Cambridge
May 30, 20232 min read
Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses
Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
Avleen Marwah
May 30, 20233 min read
Benefits of a living trust for your estate
You’ve probably heard that you should avoid probate in estate planning. But what does that mean and how is it done?
Victoria Ma
May 23, 20232 min read
Being a gig worker comes with tax consequences
Many people turn to “gig” work for additional income. Here are the tax consequences of taking on these jobs.
Anna Rodgers
May 23, 20232 min read
The IRS has just announced 2024 amounts for Health Savings Accounts
The IRS has announced the inflation-adjusted amounts for 2024. Here they are, along with the benefits of HSAs.
Aaron Charles
May 17, 20232 min read
If you’re hiring independent contractors, make sure they’re properly handled
Many businesses are filling vacant positions & saving money by using independent contractors. How can you keep out of trouble with the IRS?
Bailey Crane
May 17, 20233 min read
4 tax challenges you may encounter if you’re retiring soon
Don’t ignore tax planning after you retire. Here are some of the tax implications of retirement.
Whitney Hurtt
May 9, 20232 min read
Questions you may still have after filing your tax return
Even if you filed your 2022 tax return by the deadline, you may still have questions. Here are some answers to frequently asked questions.
Shawn Filipowicz
May 8, 20233 min read
Use the tax code to make business losses less painful
You may have a net operating loss for your business if your deductions for the year are more than your income. Here are the basic rules.
Nick Feldman
May 4, 20233 min read
The IRS clarifies what counts as qualified medical expenses
Can you deduct a gym membership as a medical expense on your tax return? What about supplements? The IRS answered these and other questions
Michelle Grant
May 1, 20232 min read
Education benefits help attract, retain and motivate your employees
An educational assistance program can be a win-win. Here are the basic tax rules.
Ellyn Strittholt
Apr 26, 20233 min read
Tax news for investors and users of cryptocurrency
The IRS is asking more questions about crypto and digital assets and will soon be learning more info about those who invest in and use them.
Mike Hawkins
Apr 21, 20234 min read
IRS guidance regarding the IRA’s Clean Vehicle Credit
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
Avleen Marwah
Apr 20, 20232 min read
There’s a favorable “stepped-up basis” if you inherit property
If you’ve inherited assets or you’re planning your estate, it’s crucial to understand the “step-up” basis rules.
Chris Collins
Apr 20, 20233 min read
Paperwork you can toss after filing your tax return
Want to do some spring cleaning & get rid of tax documents? You don’t want to clear out records that the IRS might request in an audit.
Wally Khoury
Apr 20, 20232 min read
Retirement saving options for your small business: Keep it simple
If you’re a small business owner, you may be reluctant to set up a retirement plan because of the administrative burdens.
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