News and Updates

Want to Move? Tax Implications of Converting a Home to a Rental Property

If you're planning to move out of your current home, you face a tough question: Should you sell...

Supreme Court Rejects Claim for Exemption from Overtime Pay

Employers and employees are often at odds over the issue of overtime pay. Naturally, employers are...

Navigating the SALT Deduction

The Tax Cuts and Jobs Act (TCJA) limitsitemized deductions for state and local tax (SALT) payments...

7 Tax-Saving Opportunities for Manufacturers in 2023

After your manufacturing company's 2022 tax return has been filed, you can focus your efforts on...

How Much FDIC Coverage Do You Have?

In early March, Silicon Valley Bank (SVB) and Signature Bank unexpectedly collapsed. They became...

Workouts: A Practical Alternative to Formal Bankruptcy Proceedings

Is your company teeteringon the edge of bankruptcy? In the wake of the pandemic, many small...

Update on Deducting Business Meal and Entertainment Expenses

The federal income tax treatmentof business-related meal and entertainment expenses has been a...

Investors: Know the Basics of Basis Before You Sell

If you're thinking about selling stocks, mutual funds or other investments, you need to first...

How to Prepare for Potential Layoffs

There's some sobering news amid other encouraging recent employment data that may take you by...

Should You Extend Your 2022 Tax Return?

In a statement posted to its websiteon February 3, 2023, the IRS asked certain taxpayers to...