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Tax Planning for Cryptocurrency

Cryptocurrency (e.g., Bitcoin, Litecoin, Cardano, Ethereum, Ripple (XRP), etc.) is increasing in popularity as a form of a financial...

Pass Your Business Free of Inheritance Tax

The greatest part of America's wealth lies with family-owned businesses. According to the US Census Bureau, family firms comprise  90...

Payroll Tax Deferral – Boondoggle for Employees and Headache for Employers

Deferral Period Begins September 1 On Friday, the IRS issued guidance for employers concerning the President’s executive order calling...

Three Key Tax Benefits Available to Small Business Owners

The Federal government enacted two laws in March 2020 that affect small business owners and their employees. The Families First...

Your Tax Return Can Impact Your Stimulus Check

The Coronavirus, Aid, Relief, and Economic Security (CARES) Act will give Americans a one-time cash benefit based on their adjusted gross...

Tax Filing Deadline Change

Individual taxpayers and businesses will have an extra 90 days to pay the Internal Revenue Service (“IRS”) if they owe federal income tax...

3 Things to Know Before Transferring Property to an LLC

Just about every week, a business owner asks us about transferring real estate to an LLC. The typical reason is to protect the personal...

What’s an “S Corporation”?

Many mistakenly think this is a type of corporation. This is a shorthand term describing any corporation that elects to be taxed in a...

How Long Should Business Tax Records be Kept?

The normal federal statute of limitations gives the IRS only three years to audit you and your business, starting from the later of the...

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