Featured Articles for November 2022
Year-end Tax Planning Strategies for Individuals
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 2022.
Year-end Tax Planning Strategies for Business Owners
Busi... Read More
Florida Workers' Comp and Exemption
If you are a business owner in Florida, you may be required to have Workers' Compensation Coverage. Coverage requirements depend on your industry, the number of employees, and the business entity you have set up. Who needs Workers' Compensation Coverage? Read m... Read More
Key Tax Provisions of the Inflation Reduction Act of 2022
The Inflation Reduction Act (IRA), signed into law on August 16, 2022, includes provisions affecting businesses, individuals, the clean-energy industry, healthcare, and more. Let's take a look:
Businesses
Sec. 461(l) Business Loss Limitati... Read More
Qualified Charitable Distributions From IRAs
If you're a retiree aged 70 1/2 or older, consider taking advantage of legislation that allows you to reduce or eliminate the amount of income tax on IRA withdrawals transferred directly to a qualified charitable organization. You can use this tactic e... Read More
Dirty Dozen Tax Scams for 2022
The "Dirty Dozen" is a list of common tax scams compiled by the IRS for more than 20 years to alert taxpayers and the tax professional community about tax scams and other fraudulent schemes. Designed to raise awareness among taxpayers and others who may not always be ... Read More