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Fun fact: Even geniuses can have trouble with income taxes.
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- Written by Phillip Strickler, CPA.CITP
CPA Client Blog - International Tax,Local tax and business issues
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- ► 2024 (26)
- ► May (1)
- ► April (5)
- • Watch out for “income in respect of a decedent” issues when receiving an inheritance
- • Why some businesses choose to execute a pivot strategy
- • Don’t have a tax-favored retirement plan? Set one up now
- • A general look at generative AI for businesses
- • The tax deadline is almost here: File for an extension if you’re not ready
- ► March (5)
- ► February (7)
- • Applying for a commercial loan with confidence
- • New option for unused funds in a 529 college savings plan
- • Small businesses can help employees save for retirement, too
- • Taking your spouse on a business trip? Can you write off the costs?
- • Get ready for the 2023 gift tax return deadline
- • How businesses can reinvigorate strategic planning
- • Filing jointly or separately as a married couple: What’s the difference?
- ► January (8)
- • 3 common forms of insurance fraud (and how businesses can fight back)
- • If you gave to charity in 2023, check to see that you have substantiation
- • Seeing the big picture with an enterprise risk management program
- • Account-based marketing can help companies rejoice in ROI
- • Did your business buy the wrong software?
- • The kiddie tax could affect your children until they’re young adults
- • Perform an operational review to see how well your business is running
- • It’s possible (but not easy) to claim a medical expense tax deduction
- ► 2023 (82)
- ► December (8)
- • 3 types of internal benchmarking reports for businesses
- • The standard business mileage rate will be going up slightly in 2024
- • Reinvigorating your company’s sales efforts heading into the new year
- • Court awards and out-of-court settlements may (or may not) be taxed
- • How businesses can get better at data capture
- • The “nanny tax” must be paid for nannies and other household workers
- • Is your business underestimating the value of older workers?
- • 4 ideas that may help reduce your 2023 tax bill
- ► November (3)
- ► October (8)
- • Contributing to your employer’s 401(k) plan: How it works
- • What businesses can expect from a DOL benefits plan audit
- • Facing a future emergency? Two new tax provisions may soon provide relief
- • Valuations can help business owners plan for the future
- • Business automobiles: How the tax depreciation rules work
- • The tax implications of renting out a vacation home
- • Could value-based sales boost your company’s bottom line?
- • Casualty loss tax deductions may help disaster victims in certain cases
- ► September (8)
- • Business owners: Think carefully about fringe benefits related to smartphones
- • What are the tax implications of winning money or valuable prizes?
- • What businesses can expect from a green lease
- • It’s important to understand how taxes factor into M&A transactions
- • 4 best practices for effective strategic planning meetings
- • Investment swings: What’s the tax impact?
- • Could your business benefit from interim financial reporting?
- • Plan now for year-end gifts with the gift tax annual exclusion
- ► August (7)
- • Reviewing and adjusting your marketing strategy
- • Selling your home for a big profit? Here are the tax rules
- • Look carefully at three critical factors of succession planning
- • Guaranteeing a loan to your corporation? There may be tax implications
- • Cost containment: An important health care benefits objective for businesses
- • 5 tips for more easily obtaining cyberinsurance
- • Should your business add a PTO buying feature to its cafeteria plan?
- ► July (7)
- • Consider adverse media screening to vet vendors, customers and others
- • A tax-smart way to develop and sell appreciated land
- • Improving your company’s sales pipeline management
- • Retirement account catch-up contributions can add up
- • Strong billing processes are critical to healthy cash flow
- • Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
- • That email or text from the IRS: It’s a scam!
- ► June (2)
- ► May (6)
- • Is it time for a targeted marketing campaign?
- • 4 tax challenges you may encounter if you’re retiring soon
- • Addressing pay equity at your business
- • Questions you may still have after filing your tax return
- • 6 tried-and-true strategies for improving collections
- • Education benefits help attract, retain and motivate your employees
- ► April (9)
- • Businesses, be prepared to champion the advantages of an HSA
- • Tax news for investors and users of cryptocurrency
- • Strengthen strategic planning with competitive intelligence
- • There’s a favorable “stepped-up basis” if you inherit property
- • 5 valuation terms that every business owner should know
- • Paperwork you can toss after filing your tax return
- • Paperwork you can toss after filing your tax return
- • It’s happening: Using social media for customer service
- • The tax advantages of hiring your child this summer
- ► March (9)
- • How businesses can use stress testing to improve risk management
- • Some taxpayers qualify for more favorable “head of household” tax filing status
- • ACA penalties will rise in 2024
- • Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return
- • Keep an eye out for executive fraud
- • The 2022 gift tax return deadline is coming up soon
- • Forming a cross-functional sales team
- • Protect the “ordinary and necessary” advertising expenses of your business
- • Supreme Court: Overtime rules still apply to highly compensated employees
- ► February (7)
- • Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances
- • Influencer marketing could help your business (or not)
- • There still may be time to make an IRA contribution for last year
- • Child tax credit: The rules keep changing but it’s still valuable
- • Sailing a steady ship in today’s interesting economy
- • Have employees who receive tips? Here are the tax implications
- • Look to a SWOT analysis to make better HR decisions
- ► January (8)
- • Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty
- • 3 ways your business can uncover cost cuts
- • Why you might want to file early and answers to other tax season questions
- • Is now the time for your small business to launch a retirement plan?
- • Tax-saving ways to help pay for college — once your child starts attending
- • Employers should be wary of ERC claims that are too good to be true
- • Unused PTO a problem? Consider a contribution arrangement
- • SECURE 2.0 law may make you more secure in retirement
- ► December (8)
- ► 2022 (33)
- ► December (8)
- • Look forward to next year by revisiting your business plan
- • Renting to a relative? Watch out for tax traps
- • Inbound vs. outbound: Balancing your company’s sales strategies
- • Save for retirement by getting the most out of your 401(k) plan
- • Timing is everything when it comes to accounting software upgrades
- • Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify? If you own a business, you may wonder if you’re e
- • Does your family business’s succession plan include estate planning strategies?
- • Answers to your questions about taking withdrawals from IRAs
- ► November (8)
- • Take a look at stock options as a recruitment tool
- • Strategies for investors to cut taxes as year-end approaches
- • Choosing a retirement plan for your small business
- • Like every business, a start-up needs a sensible budget
- • Computer software costs: How does your business deduct them?
- • Adopting a child? Bring home a tax break too
- • Reinforce your cybersecurity defenses regularly
- • How inflation will affect your 2022 and 2023 tax bills
- ► February (5)
- • Let your financial statements guide you to optimal business decisions
- • Keeping meticulous records is the key to tax deductions and painless IRS audits
- • 2022 deadlines for reporting health care coverage information
- • Did you give to charity in 2021? Make sure you have substantiation
- • Approach turnaround acquisitions with due care
- ► January (12)
- • How will revised tax limits affect your 2022 taxes?
- • 3 specialized IT leadership positions for growing businesses
- • Help safeguard your personal information by filing your 2021 tax return early
- • Smooth sailing: Tips to speed processing and avoid hassles this tax season
- • Think like a lender before applying for a business loan
- • Selling a home: Will you owe tax on the profit?
- • Opening a new location calls for careful planning
- • Business owners, do you need to step up your internal communications game?
- • Defer tax with a like-kind exchange
- • Commission fraud: When salespeople get paid more than they’ve earned
- • Review your strategic plan … and look ahead
- • Gig workers should understand their tax obligations
- ► December (8)
- ► 2021 (9)
- ► December (9)
- • Tax depreciation rules for business automobiles
- • Helping your employees make the most of email
- • There’s a deduction for student loan interest … but do you qualify for it?
- • The tax score of winning
- • Is your business tracking website metrics?
- • Could an FLP fit into your succession plan?
- • You can help fight inflation this holiday season.
- • Providing a company car? Here’s how taxes are handled
- • Navigating the tax landscape when donating works of art to charity
- ► December (9)
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