by Sarah Boehle Pool | May 22, 2024 | Latest News
Taxes when you sell an appreciated vacation home Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an...
by Sarah Boehle Pool | May 20, 2024 | Latest News
When partners pay expenses related to the business It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm. For example, partners in service...
by Sarah Boehle Pool | May 16, 2024 | Latest News
7 common payroll risks for small to midsize businesses If your company has been in business for a while, you may not pay much attention to your payroll system so long as it’s running smoothly. But don’t get too complacent. Major payroll errors can pop up unexpectedly...
by Sarah Boehle Pool | May 15, 2024 | Latest News
Watch out for “income in respect of a decedent” issues when receiving an inheritance Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While most...
by Sarah Boehle Pool | May 13, 2024 | Latest News
When businesses may want to take a contrary approach with income and deductions Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise to do the opposite? And why would you...
