CHIPS Act poised to boost U.S. businesses
The CHIPS Act was recently passed by Congress. Among its provisions is an investment tax credit for manufacturing facilities & equipment.
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Outlook
News, views, and ideas shaping the future.
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Aug 8, 20223 min read
How to treat business website costs for tax purposes
How do you handle the costs involved in developing your business website for tax purposes? Here are the general rules.
Linda Brogan
Aug 8, 20222 min read
Is your withholding adequate? Here’s how to check
A big tax bill or large refund may mean you don’t have the proper amount of tax withheld from your paycheck. Here's how to prevent that.
Joey Schroeder
Aug 8, 20222 min read
Provide employee parking? Here’s what the IRS wants to know
Business owners: If you provide parking to employees as a fringe benefit, the IRS could scrutinize the arrangement during an audit.
Victoria Ma
Jul 26, 20222 min read
How to avoid the early withdrawal tax penalty on IRA distributions
Taking money out of your traditional IRA before age 59 1/2 typically has a penalty associated with it. But there are exceptions to avoid it.
Troy Skeens
Jul 25, 20222 min read
Three tax breaks for small businesses
You don’t have to be a large business to benefit from tax breaks. Here are 3 ways that eligible small businesses can save on taxes.
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Jul 21, 20224 min read
Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.
Avleen Marwah
Jul 19, 20223 min read
The kiddie tax: Does it affect your family?
Do your children have investment income? They may owe “kiddie tax.” Here are the basic rules.
Jamie Applegate
Jul 18, 20222 min read
Important considerations when engaging in a like-kind exchange
Interested in a “like-kind” exchange of real property? Here are the basic rules.
Wally Khoury
Jul 18, 20222 min read
Interested in an EV? How to qualify for a powerful tax credit
Many people are thinking about buying electric vehicles. Check out the federal tax break that may be available.
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Jul 5, 20223 min read
How disability income benefits are taxed
In some cases, disability income is taxable by the federal government. In other cases, it isn’t. Here are the rules.
Tricia Austing
Jul 5, 20223 min read
How do taxes factor into an M&A transaction?
If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed.
Mike Hawkins
Jun 30, 20222 min read
New Pass-Through Entity Tax for Ohio Provides Some Federal Tax Relief
Ohio is now one of 29 states providing businesses the opportunity to pay tax at the entity level.
Victoria Ma
Jun 21, 20222 min read
Five tax implications of divorce
Getting a divorce can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes.
Mike Hawkins
Jun 15, 20223 min read
Standard business mileage rate will increase for the second half of 2022
Due to the soaring price of gas, the IRS has increased the standard mileage rate for qualified business driving for the 2nd half of the year
Janie Evans
Jun 14, 20223 min read
Your estate plan: Don’t forget about income tax planning
With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
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Jun 8, 20222 min read
Simple ways to make strategic planning a reality
Every business needs to regularly engage in productive strategic planning. But it’s easier said than done. Let’s take a step back & simplify
Kristin Rohlfs
Jun 8, 20223 min read
Social Security benefits: Do you have to pay tax on them?
You may be surprised to learn that Social Security benefits may be taxed in retirement. Here are the rules.
Mike Hawkins
Jun 1, 20222 min read
Dodge the tumult with a buy-sell agreement
If your business has more than one owner, a buy-sell agreement is strongly recommended. Here’s why and how they work.
Sarah Dmytryk
May 31, 20222 min read
Is it a good time for a Roth conversion?
If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How?
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