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Explore helpful articles on bookkeeping, taxes, and financial best practices designed to help individuals and businesses make smarter financial decisions.

DISCLAIMER: Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

Highlights of the American Rescue Plan Act

Signed into law on March 11, 2021, the American Rescue Plan Act (ARPA) contains several tax provisions …

Common and Costly Errors When Preparing A Tax Return

When filing a tax return, mistakes can result delay in processing, an additional amount of time to …

Federal Tax Deadline Extended To May 17 2021

The federal income tax filing due date for individual taxpayers, including individuals who pay self-employment tax, has …

Special Tax Rules for Children With Investment Income 2021

Special tax rules may apply to some children who received investment income in 2020 or expect to …

Now that we have vaccines against COVID-19, the dust is slowly settling down. Businesses are starting to …

There's Still Time To Make an IRA Contribution for 2020

If you haven’t contributed funds to an Individual Retirement Account (IRA) for tax year 2020, or if …

Tax Implications: Renting Out a Second Home

In general, income from renting a vacation home for 15 days or longer must be reported on …

Financial Lessons Learned During the Pandemic

The unprecedented happenings during the year 2020 had taught us a lot of things. It was a …

Make Protecting Tax and Financial Information a Habit

The IRS works with the Security Summit, a partnership with state tax agencies and the private-sector tax industry, …

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