ARTICLES

Aug 12

Planning your Estate? Consider these Strategies to Save in Future Taxes

With the high federal estate tax exemption for 2024, many people aren't worried about estate taxes. However, you might want to reconsider.

The Tax Consequences of Selling Mutual Funds

Steve Julal

Aug 7

The Tax Consequences of Selling Mutual Funds

Investing in mutual funds is popular, but selling shares can lead to complex tax issues. Here are the rules you need to know.

Getting Divorced? Don’t Get Blindsided by These 6 Key Tax Issues

Steve Julal

Aug 5

Getting Divorced? Don’t Get Blindsided by These 6 Key Tax Issues

Getting a divorce can be a difficult & painful process. Avoid adding financial stress to the situation by understanding 6 key tax issues.

What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire

Steve Julal

Aug 1

What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire

On December 31, 2025, the TCJA and other tax provisions are set to expire. Here are 4 possible outcomes to prepare for.

Job loss is difficult, and the tax implications can make it even more challenging

Steve Julal

May 20

Job loss is difficult, and the tax implications can make it even more challenging

Losing a job is difficult, and the tax implications can make it even more challenging.

Don’t have a Tax-Favored Retirement Plan?

Steve Julal

May 15

Don’t have a Tax-Favored Retirement Plan?

Don’t have a tax-favored retirement plan? Set one up now

3 Tips to Follow after you File your Tax Return

Steve Julal

Apr 23

3 Tips to Follow after you File your Tax Return

Taxes are filed and accepted! After filing, follow these 3 tips.

Updates: Retirement Account Required Minimum Distributions

Steve Julal

Apr 10

Updates: Retirement Account Required Minimum Distributions

Here's all you'd need to know about the tax rules for a tax-favored retirement accounts.

9 Tax Considerations when Starting a Business as a Sole Proprietor

Steve Julal

Mar 12

9 Tax Considerations when Starting a Business as a Sole Proprietor

When embarking on a small business endeavor as a sole proprietor, there are nine key tax factors to consider. Read to learn more.

Build a Tax Favored Retirement with an IRA

Steve Julal

Mar 7

Build a Tax Favored Retirement with an IRA

Do you have a traditional or Roth IRA? Did you know your contributions can be used as a tax deduction? Learn how.

What is the Kiddie Tax? Who Does it Affect?

Steve Julal

Mar 5

What is the Kiddie Tax? Who Does it Affect?

Kiddie tax are tax rules applicable to unearned income of children under the age 19 or if a college student, under the age 24. Read More.

Pension-Linked Emergency Savings Account (PLESA) - Should your Business Offer it to Its Employees?

Steve Julal

Feb 19

Pension-Linked Emergency Savings Account (PLESA) - Should your Business Offer it to Its Employees?

The Pension-Linked Emergency Savings Account (PLESA) offers a new benefit option for employees facing emergencies. Read to learn more.

Steve Julal

Feb 16

FICA Tax Credits on Employee Tip Wages

Operating a business in which your employees receive tips may present additional tax credits for you as a business owner. Read to learn more

Married Couples: Should You File Jointly or Separately?

Steve Julal

Feb 15

Married Couples: Should You File Jointly or Separately?

Whether to file joint or separate tax returns when married depends on various factors. Discover what factors you should consider.

Donate to Charity Last Year? Support your Tax Claims with the Proper Documents

Steve Julal

Feb 12

Donate to Charity Last Year? Support your Tax Claims with the Proper Documents

Did you donate to charity last year? Make sure you have the proper documentation in order to submit along with your returns.

The Tax Implications to Retiring in a Different State

Steve Julal

Feb 7

The Tax Implications to Retiring in a Different State

Approaching retirement? You may think about moving to another state, but here's what you need to know before making that move.

Defer a Current Tax Bill with a Like-Kind Exchange

Steve Julal

Feb 5

Defer a Current Tax Bill with a Like-Kind Exchange

Considering a like-kind exchange to defer a tax bill, read more to learn how to do it.

The Standard Business Mileage Rate is Increasing in 2024

Steve Julal

Jan 31

The Standard Business Mileage Rate is Increasing in 2024

The standard deduction rate is increasing from 65.5 cents to 67 cents - accounting for the national increase in gas prices. Learn more.

Steve Julal

Jan 18

Tax Questions & Answers

You may have some questions pertaining to this year's tax process and rules. We will do our best to address them in this article.

Steve Julal

Jan 9

Tax Implications on Company Cars

While providing company cars can indeed be a valuable benefit for businesses, it's important to note the tax rules and implications.

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