by Sarah Boehle Pool | Jul 27, 2022 | Latest News
Caring for an elderly relative? You may be eligible for tax breaks Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a rundown of some of them. 1. Medical expenses. If...
by Sarah Boehle Pool | Jul 25, 2022 | Latest News
The tax mechanics involved in the sale of trade or business property What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s...
by Sarah Boehle Pool | Jul 21, 2022 | Latest News
No parking: Unused compensation reductions can’t go to health FSA Among the many lasting effects of the pandemic is that some businesses are allowing employees to continue working from home — even now that the most acute phases of the public health crisis seem to be...
by Sarah Boehle Pool | Jul 20, 2022 | Latest News
Valuable gifts to charity may require an appraisal If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable...
by Sarah Boehle Pool | Jul 18, 2022 | Latest News
Tax considerations when adding a new partner at your business Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new partner will acquire a one-third interest in...
by Sarah Boehle Pool | Jul 14, 2022 | Latest News
Businesses looking for outside investors need a sturdy pitch deck Is your business ready to seek funding from outside investors? Perhaps you’re a start-up that needs money to launch as robustly as possible. Or maybe your company has been operating for a while and you...
