Employers: In 2023, the Social Security wage base is going up
Wage amounts above a certain threshold aren't subject to Social Security tax. Here's how the 2023 "wage base" will affect your payroll.
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Outlook
News, views, and ideas shaping the future.
Debora Girardot
Oct 18, 20223 min read
Plan now to make tax-smart year-end gifts to loved ones
As we head toward year end, many people are starting to plan to give gifts to their loved ones. Here’s how to avoid gift tax implications.
Jamie Applegate
Oct 11, 20222 min read
Tax and other financial consequences of tax-free bonds
Do you want to add municipal bonds to your portfolio? Here are some of the tax consequences.
Joey Schroeder
Oct 11, 20222 min read
What local transportation costs can your business deduct?
The increasing price of gas may affect the tax deductions for local transportation costs that your small business can claim.
Troy Skeens
Oct 4, 20222 min read
Investing in the future with a 529 education plan
With increasing college costs, you should start saving early. Here's how 529 plans can help you save on a tax-advantaged basis.
Brian Stautberg
Oct 3, 20223 min read
Worried about an IRS audit? Prepare in advance
Getting contacted by the IRS about your tax return being audited may cause you to panic. You'll fare better if you understand IRS audits.
Avleen Marwah
Sep 27, 20223 min read
Year-end tax planning ideas for individuals
By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider.
Janie Evans
Sep 20, 20223 min read
Don’t forget income taxes when planning your estate
You may not be worried about estate taxes, but you should still think about saving income taxes for your heirs.
Avleen Marwah
Sep 7, 20222 min read
Is your income high enough to owe two extra taxes?
The net investment income & additional Medicare tax on wage & self-employment income may have a significant effect for high-income folks.
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Sep 6, 20225 min read
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why
Bailey Crane
Sep 6, 20223 min read
Year-end tax planning ideas for your small business
Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes.
Gwen DiMeo
Aug 31, 20223 min read
IRS offers penalty relief for 2019, 2020 tax years
The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pa
Joey Schroeder
Aug 30, 20223 min read
The Inflation Reduction Act: what’s in it for you?
Inflation Reduction Act - You may qualify for a tax break if you purchase energy-saving property for your home or an electric vehicle.
Michelle Grant
Aug 29, 20222 min read
Inflation Reduction Act provisions of interest to small businesses
The new Inflation Reduction Act provides small businesses with an incentive to increase their investments in research.
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Aug 24, 20222 min read
Evaluating an ESOP from a succession planning perspective
Business owners: If combining an employee retirement plan with a succession planning vehicle intrigues you, check out an ESOP.
Chris Collins
Aug 23, 20223 min read
Home sweet home: Do you qualify for office deductions?
Many people still work from home after the pandemic. Some qualify for home office deductions, but not all of them do. Here are the rules.
Gwen DiMeo
Aug 22, 20223 min read
Self-employed? Build a nest egg with a solo 401(k) plan
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) plan. Here are the rules.
Sarah Dmytryk
Aug 16, 20222 min read
An “innocent spouse” may be able to escape tax liability
In some cases, a spouse is unaware of the income of the other spouse & must still pay the tax bill even if they divorce. Is there relief?
Jay Rueger
Aug 15, 20225 min read
The Inflation Reduction Act includes wide-ranging tax provisions
The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
Kristin Rohlfs
Aug 9, 20223 min read
Estimated tax payments: Who owes them and when is the next one due?
Even if you're not self-employed, you may have to make quarterly estimated tax payments to avoid a penalty. Here are the rules.
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