Blog

Serious young woman working at home

Boost Your Skills With Income Tax Prep Course!

In today’s rapidly transforming and ever-changing world, retaining a diverse skill set is necessary for professional growth and achievement. One skill that can particularly improve your career prospects is tax preparation. No matter if you are an accounting proficient, a business owner, or thoroughly looking to widen your range of…
Read More
tax credit

Senate Passes $3,000 Child Tax Credit for 2021

Senate Passes $3,000 Child Tax Credit for 2021 An expanded child tax credit for 2021 is about to become law. After some procedural wrangling, the Senate narrowly approved President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. Because the Senate made some changes to the…
Read More
spousal ira

DON’T MISS THE OPPORTUNITY FOR A SPOUSAL IRA

Article Highlights: Spousal IRA Compensation Requirements Maximum Contribution Traditional or Roth IRA? One frequently overlooked tax benefit is the spousal IRA. Generally, IRA contributions are only allowed for taxpayers who have compensation (the term “compensation” includes wages, tips, bonuses, professional fees, commissions, taxable alimony received, and net income from self-employment).…
Read More

DON’T MISS OUT ON YEAR-END TAX-PLANNING OPPORTUNITIES

DON’T MISS OUT ON YEAR-END TAX-PLANNING OPPORTUNITIES Article Highlights: Unemployment Benefits Taxability To Skip or Not Skip the 2020 Required Minimum Distribution Special Charitable Giving Opportunities Divorced or Separated Planning Issues Potential State Health Insurance Penalties Dealing with Disaster Losses in 2020 Retroactive Kiddie Tax Rules – Amended Opportunity Retroactive…
Read More
GET A DEMO