May 2020

Don’t Overlook Valuable Tax Credits

Tax credits are one of the most powerful ways to lower your income taxes. A tax credit reduces your tax bill dollar for dollar. Learn more about these valuable tax credits and how you can save more on this year on our latest blog!

Using Investment Losses

Effectively using your investment losses can make a big impact in your taxable income. Why? These losses could offset income that is barely taxed, or it could offset income taxed at 39.6% or higher! Here are some ideas to make those losers into winners on your tax return.

Conduct a Financial Review at Tax Time

Tax filing time is an ideal time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for your financial well-being?

Understanding the Home Gain Exclusion

One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. Read up on this tax benefit and how it may apply to you on our latest “Tax Tip of the Week”!

Make Your Business Meetings Worth The Time

Are you struggling to connect with your staff and have beneficial meetings in the wake of the COVID-19 shutdown? Would you like your meetings to be vibrant, engaging, productive, and future-focused? On our latest blog post. “Make Your Business Meetings Worth The Time”!

Janet K. Sheffield – Staff Spotlight

From accounting and tax work, to party planning, sewing, and re-purposing, Jan truly allows her creative knack at heart to shine through in everything she does. On this month’s “Staff Spotlight”, learn a little more about our associate, Jan Sheffield, inside and out of the office world!

Review IRA Beneficiaries Now

Lost in the media storm during the coronavirus pandemic is a law change enacted in late 2019 that eliminates an IRA withdrawal technique known as the stretch IRA. Here is what you need to know!

Follow-Up On PPP – Here’s the Bad News

By now as most of you know, the Paycheck Protection Program (PPP) as established by the CARES Act provides recipients with loan proceeds to be used to pay certain business costs including payroll, interest, rent and utilities. Learn more about this loan and how it could affect you on our latest blog!

Beware: COVID-19 Tax Scams are Here

The IRS is warning you to be on the lookout for a surge of calls and e-mail phishing attempts related to the coronavirus pandemic and the one-time economic impact payment. Learn more about these scams on our latest blog, “Beware: COVID-19 Tax Scams are Here”.