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Inflation enhances the 2023 amounts for Health Savings Accounts
May 9, 2022 / News

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result...
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Tighten up billing and collections to mitigate economic uncertainties
May 4, 2022 / News

Tighten up billing and collections to mitigate economic uncertainties

While many economic indicators remain strong, the U.S. economy is still giving business owners plenty to think about. The nation’s...
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Valuable gifts to charity may require an appraisal
May 3, 2022 / 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...
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Businesses may receive notices about information returns that don’t match IRS records
May 2, 2022 / News

Businesses may receive notices about information returns that don’t match IRS records

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that...
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No parking: Unused compensation reductions can’t go to health FSA
April 27, 2022 / 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...
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Want to turn a hobby into a business? Watch out for the tax rules
April 26, 2022 / News

Want to turn a hobby into a business? Watch out for the tax rules

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax...
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The tax mechanics involved in the sale of trade or business property
April 25, 2022 / 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...
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Businesses looking for outside investors need a sturdy pitch deck
April 20, 2022 / 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...
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Thinking about converting your home into a rental property?
April 19, 2022 / News

Thinking about converting your home into a rental property?

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If...
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Tax considerations when adding a new partner at your business
April 18, 2022 / 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...
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