[vc_row][vc_column][vc_column_text]Starting October 28, a new $67 user fee will apply to any estate that requests an estate tax closing letter for its federal estate tax return. This closing letter is formally referred to as IRS Letter 627.
Background
By law, federal agencies are required to c... Read More
[vc_row][vc_column][vc_column_text]While similar to FSAs (Flexible Savings Plans) in that both allow pretax contributions, Health Savings Accounts or HSAs offer taxpayers several additional tax benefits. Let's take a look:[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]What ... Read More
[vc_row][vc_column][vc_column_text]
If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between independent contractors and employees.
Why It Matters
The Internal Reve... Read More
[vc_row][vc_column][vc_column_text]Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let's take a look:
Deferring Income
Businesses using the cash method of accounting can defer income into 2022 by delaying end-of-year invoices so that pa... Read More
[vc_row][vc_column][vc_column_text]With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies that could reduce your tax bill for 2021.
General Tax Planning Strategies
General tax planning strategies for individuals include accelerating or defer... Read More