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Understanding the passive activity loss rules
October 12, 2020 / News

Understanding the passive activity loss rules

The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.
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4 steps to improving your company’s sales
October 7, 2020 / News

4 steps to improving your company’s sales

Every business depends on strong sales to keep the dollars flowing and the company growing. Here’s a methodical approach to winning over prospects.
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There may be relief from tax liability for “innocent spouses”
October 6, 2020 / News

There may be relief from tax liability for “innocent spouses”

In some cases, a married couple files a joint tax return and one spouse doesn’t disclose all of his or her income. The IRS goes after the other spouse for payment. But there may be “innocent spouse” relief.
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The easiest way to survive an IRS audit is to get ready in advance
October 5, 2020 / News

The easiest way to survive an IRS audit is to get ready in advance

Getting a letter from the IRS that your tax return is being audited may strike fear into the hearts of business owners. But the more you know about IRS audits, the better you can fare.
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Reinforce protection of your company’s mobile devices
September 30, 2020 / News

Reinforce protection of your company’s mobile devices

The COVID-19 crisis has put an increased emphasis on mobile business technology. Make sure yours is well-protected.
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Why it’s important to plan for income taxes as part of your estate plan
September 29, 2020 / News

Why it’s important to plan for income taxes as part of your estate plan

With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.
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The tax rules for deducting the computer software costs of your business
September 28, 2020 / News

The tax rules for deducting the computer software costs of your business

The tax rules for treating computer software costs can be complex. Here’s a basic explanation.
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IRS announces per diem rates for business travel
September 23, 2020 / News

IRS announces per diem rates for business travel

Do your employees travel for business within the continental United States? If so, be advised that the IRS recently released new per diem rates that will apply beginning on October 1st.
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Can investors who manage their own portfolios deduct related expenses?
September 22, 2020 / News

Can investors who manage their own portfolios deduct related expenses?

Are you an investor or a trader? While trader status is difficult to achieve, if a taxpayer qualifies, he or she can deduct investment-related expenses.
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Business website costs: How to handle them for tax purposes
September 21, 2020

Business website costs: How to handle them for tax purposes

Your business likely has a website. How do you treat the costs involved in developing your site for tax purposes? Here are the general rules.
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