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29
NOV
2022
Strategies for investors to cut taxes as year-end approaches

Strategies for investors to cut taxes as year-end approaches

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals are subject...
15
NOV
2022
How savings bonds are taxed

How savings bonds are taxed

Do you own savings bonds? Here’s how the interest on the bonds is taxed.
14
NOV
2022
Computer software costs: How does your business deduct them?

Computer software costs: How does your business deduct them?

The tax treatment of computer software costs can be more complicated than you might think. Here are the basic rules.
08
NOV
2022

Adopting a child? Bring home a tax break too

Adopting a child can be expensive. Fortunately, there may be a valuable tax break for parents. Here are the tax credit amounts for 2022 and 2023.
01
NOV
2022
How inflation will affect your 2022 and 2023 tax bills

How inflation will affect your 2022 and 2023 tax bills

Many people are feeling the squeeze of inflation. What does this mean for your federal tax bill? Here’s what the inflation-adjusted amounts will be for several provisions in 2023, as compared with 2022.
18
OCT
2022
Plan now to make tax-smart year-end gifts to loved ones

Plan now to make tax-smart year-end gifts to loved ones

Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion. The exclusion amount is adjusted for inflation annually, and for 2022, the amount is...
17
OCT
2022
Providing fringe benefits to employees with no tax strings attached

Providing fringe benefits to employees with no tax strings attached

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits. Here are examples of two types of benefits which employees generally can exclude from income: A...
11
OCT
2022
Tax and other financial consequences of tax-free bonds

Tax and other financial consequences of tax-free bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be tax consequences. Here’s how the rules work. Purchasing...
01
AUG
2022
How to treat business website costs for tax purposes

How to treat business website costs for tax purposes

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with...
27
JUL
2022
6 steps to easing employees’ fears about innovation

6 steps to easing employees’ fears about innovation

Business owners often find the greatest obstacle to innovation isn’t the change itself, but employees’ resistance to it. Their hesitation or outright defiance is frequently driven by fear. Some workers might worry about how the innovation will alter their jobs — or whether it...