Tax and Accounting

28 Related Article(s):

Now’s the Time to Start Year-Round Tax Planning

Numerous tax experts agree that addressing your tax liability effectively requires planning througho...

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Deducting Business Expenses: Separating Fact From Myth

When you're filing your tax returns, what expenses can you deduct from business income? It's a com...

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Payroll Tax Rates and Contribution Limits for 2022

Below are federal payroll tax rates and benefits contribution limits for 2022. Avoid any penalties o...

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January Tax Due Date is Approaching

It is time for businesses to start preparing for their tax filings. January 31 is the due date for m...

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Figuring Out Your Business Taxes

The type of business will determine the type of taxes that will be required to be remitted. Income ...

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Business Deductions: A Quick Review

You have a lot of expenses when running a business. Are any of them deductible? To begin with, a d...

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Employers Get Tax Breaks for Vaccination Leave

Small and midsize employers, and certain governmental employers, can claim refundable tax credits th...

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Employee Retention Credit: Further Guidance

In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but comp...

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Child Tax Credit Advance Payments

The IRS has started sending out letters to families who may qualify for advanced payments of the chi...

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The US Tax System Explained

I was having lunch with one of my favorite friends last week and the conversation turned to the gove...

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Land Sales, Taxpayer Considered a Dealer or Investor

When land is sold, long-term capital gain rates are often assumed. While these rates may apply to th...

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The Secure Act of 2019

On December 20th, President Trump signed into law the Secure Act, a funding bill that also included ...

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1099-Misc: Nonemployee Compensation Best Practices

1099 Miscellaneous (1099-Misc) forms need to be filed for a multitude of reasons. The 1099-Misc we m...

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Is Cash Really King in Small Businesses?

Although cash may be king, there are more accounts that business owners need to look at when determi...

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TCJA for Contractors

The Tax Cuts & Jobs Act (TCJA) impacted all taxpayers. While many taxpayers took a hard look at the ...

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2019 Year-End Tax Planning

Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the ...

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Side Hustles and Taxes

According to NPR, 30% of Americans do something else for pay in addition to their full-time job. Mos...

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Understanding the 2020 Form W-4

The Tax Cuts and Job Act (TCJA), enacted in December of 2017, brought new Federal withholding tables...

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Focus. Think Ahead. Be Creative.

One of my favorite things to do is play pool. When my wife and I were looking at houses this past su...

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Deductibility and Accounting Related to Meals and Entertainment

The Tax Cuts and Jobs Act (TCJA) made several changes to deductions for meal and entertainment expen...

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Tax Planning Strategies For 2019: How Can You Act Now?

As you can imagine, we are often asked how we can help save money and as most answers to tax-related...

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Tax Planning Strategies for 2019

We often get asked how we can save our clients’ money, and as most answers to tax-related questions ...

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Iowa First Time Homebuyers

The Iowa first time homebuyer savings account is a deduction that most people are not familiar with,...

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Historic Tax Credits – Third of a Three-Part Series

Iowa Historic Tax Credits: Qualified Rehabilitation Expenditures So far, the Historic Tax Credit (H...

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Sales Tax Compliance and Solutions

Sales tax is a hot topic right now due to the recently passed law of a 1% local sales tax raise in m...

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Changes to Personal Taxation on the Federal Income Tax Level

Tax Reform has caused many changes to personal taxation on the federal income tax level. Today, Nick...

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What Are You Withholding?

Have you checked your current withholdings lately? No one likes surprises when it comes to paying ta...

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Drive Up

I just bought a new car for business. How much of the cost can I deduct?” As a CPA, this is by far o...

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