News and Updates

Can You Swap Life Insurance for Long-Term Care Insurance?

Do you own a life insurance policy that's no longer essential to your financial goals? You may have purchased a policy long ago, when your children were infants or before their college years. Now that you're no longer raising a family, your focus has probably changed to your own future needs, which could include some form of long-term care. An extended nursing home or assisted living facility (ALF) stay could substantially erode—or even wipe out—your life savings.

Double Your Tax Savings with Home Sale Gain Exclusion Plus Like-Kind Exchange

Although the residential real estate market has cooled off in many areas, the values in some...

How to Swap Your Highly Appreciated Vacation Home Tax-Free

If you own a highly appreciated vacation home that you're ready to unload, the sale will generate a...

Let’s Be Reasonable about Owners’ Compensation

Is it possible to have too much of a good thing? The IRS thinks so, at least in the context of...

Do You Know the Tax Implications of Equity-Based Compensation?

Equity-based compensation is often associated with startup companies. But businesses in a cash...

Financial Reporting Check-Up: How Fiscally Fit Is Your Company?

Comprehensive financial statements prepared under U.S. Generally Accepted Accounting Principles...

All Aboard: Recruiting New Nonprofit Board Members

Does your not-for-profit need to replace a departing board director—or add directors to better...

How Can Small Business Owners Lower Taxes for 2022?

It's time for year-end tax planning. Every fall, small business owners should review their tax...

SSB's Kayla Emanuelson Selected to Attend AICPA 2022 Leadership Academy

Kayla Emanuelson, Tax Manager, is one of only 36 CPAs nationwide selected to attend the AICPA's...

The IRS Has Announced Various Tax Benefit Increases for 2023

The IRS recently announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure...