by Sarah Boehle Pool | Oct 23, 2023 | Latest News
Spouse-run businesses face special tax issues Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a...
by Sarah Boehle Pool | Oct 18, 2023 | Latest News
Plan now for year-end gifts with the gift tax annual exclusion Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family...
by Sarah Boehle Pool | Oct 16, 2023 | Latest News
Update on depreciating business assets The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the...
by Sarah Boehle Pool | Sep 21, 2023 | Latest News
ACA penalties will rise in 2024 Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility penalties under the Affordable Care Act (ACA). Although next year might seem a long way off, it’s...
by Sarah Boehle Pool | Sep 14, 2023 | Latest News
Keep an eye out for executive fraud Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level...
by Sarah Boehle Pool | Sep 13, 2023 | Latest News
Being a gig worker comes with tax consequences In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive for ride-hailing services. But so-called gig work...
