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Hiring family members can offer tax advantages (but be careful)

by Krista Haas | Jun 30, 2023 | Uncategorized

Summertime can mean hiring time for many types of businesses. With legions of working-age kids and college students out of school, and some spouses of business owners looking for part-time or seasonal work, companies may have a much deeper hiring pool to dive into...

2023 Q3 tax calendar: Key deadlines for businesses and other employers

by Krista Haas | Jun 28, 2023 | Uncategorized

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...

In financial planning, forecasts and projections aren’t the same

by Krista Haas | Jun 26, 2023 | Uncategorized

Businesses are rightly encouraged to regularly generate professionally prepared financial statements. Doing so is important for both understanding your own financial position and providing accurate, comprehensive information to stakeholders such as investors, lenders...

Advantages and disadvantages of claiming big first-year real estate depreciation deductions

by Krista Haas | Jun 23, 2023 | Uncategorized

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But should you? It’s not as simple as it may seem. Qualified improvement property For qualifying assets...

When can seniors deduct Medicare premiums on their tax returns?

by Krista Haas | Jun 21, 2023 | Uncategorized

If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially for married couples with both spouses paying them. But there may be an advantage: You...
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