by Sarah Boehle Pool | Aug 25, 2021 | Latest News
IRS audits may be increasing, so be prepared The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these...
by Sarah Boehle Pool | Aug 23, 2021 | Latest News
Traveling for business again? What can you deduct? As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost of your out-of-town business travel within the United...
by Sarah Boehle Pool | Aug 19, 2021 | Latest News
Pondering the possibility of a company retreat As vaccination levels rise and major U.S. population centers fully reopen, business owners may find themselves pondering an intriguing thought: Should we have a company retreat this year? Although there are still health...
by Sarah Boehle Pool | Aug 18, 2021 | Latest News
Are you a nonworking spouse? You may still be able to contribute to an IRA Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents....
by Sarah Boehle Pool | Aug 16, 2021 | Latest News
Hiring your minor children this summer? Reap tax and nontax benefits If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college...
by Sarah Boehle Pool | Aug 12, 2021 | Latest News
The long and short of succession planning For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But...
