by Lori Bowden | Sep 5, 2024 | Business, Newsletter, Taxes
It’s a challenging time for many businesses. Therefore, any help you can get, such as tax incentives and sales tax exemptions, can make a big difference. Unfortunately, these benefits often go unclaimed because businesses don’t know about them or erroneously think...
by Lori Bowden | Sep 4, 2024 | Business, Individuals, Newsletter
If you’re a business owner, your company is likely your most valuable asset. To ensure it survives after you’re gone, you first need a succession plan that will provide a smooth transition of the business to one or more of your children (assuming you want to keep it...
by Lori Bowden | Sep 3, 2024 | Individuals, Newsletter, Real Estate
As the saying goes, there’s nothing certain in life except for death and taxes. But when it comes to selling your home, proactive tax planning can help you reduce your federal income tax bill. A Costly Mistake to Avoid Let’s say Tom is a soon-to-be-married homeowner...
by Lori Bowden | Sep 2, 2024 | Individuals, Newsletter, Taxes
If you pay premiums for Medicare health insurance, you may be able to combine them with other qualifying expenses and claim them as an itemized deduction for medical expenses on your tax return. This includes amounts for “Medigap” insurance and Medicare Advantage...
by Lori Bowden | Sep 1, 2024 | Business, Newsletter, Taxes
The Internal Revenue Service (IRS) has recently announced significant updates to the Employee Retention Credit (ERC) program, which is vital for all businesses that have claimed or are considering claiming the credit. Here’s what you need to know: Lifting of the ERC...
