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Our Blog

Good records are the key to tax deductions and trouble-free IRS audits

02 July 2020
Good records are the key to tax deductions and trouble-free IRS audits

It’s interesting to note that there’s not one way to keep business records.


If you’re selling your home, don’t forget about taxes

25 June 2020
If you’re selling your home, don’t forget about taxes

For many people, their homes are their most valuable asset. So before selling yours, make sure you understand the tax implications.


A nonworking spouse can still have an IRA

24 June 2020
A nonworking spouse can still have an IRA

In general, an IRA contribution is allowed only if a taxpayer has compensation. However, an exception involves a “spousal” IRA. It allows a contribution to be made for a nonworking spouse.


There’s still time to make a deductible IRA contribution for 2019

23 June 2020
There’s still time to make a deductible IRA contribution for 2019

You can still make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and claim the write-off on your 2019 return.


IRS releases 2021 amounts for Health Savings Accounts

18 June 2020
IRS releases 2021 amounts for Health Savings Accounts

The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).