The standard business mileage rate is going up in 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage…
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Renting to a relative? Watch out for tax traps
If you own a home and rent it to a relative, you may be surprised to find out there could…
Save for retirement by getting the most out of your 401(k) plan
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If…
Annual gift tax exclusion amount increases for 2023
Did you know that one of the most effective estate-tax-saving techniques is also one of the simplest and most convenient?…
Is your business closing? Here are your final tax responsibilities
Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement,A lease expiration,Staffing…
Understand your spouse’s inheritance rights if you’re getting remarried
If you’re taking a second trip down the aisle, you may have different expectations than you did when you got…
Computer software costs: How does your business deduct them?
These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer…
How savings bonds are taxed
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts…
Year-end giving to charity or loved ones
The holiday season is here and many people plan to donate to their favorite charities or give money or assets…
Operating reserves can help cushion financial blows
First the COVID-19 pandemic wreaked havoc on not-for-profit finances and operations. Now, many organizations are worried about how high inflation…
Don’t let disaster fraud victimize your nonprofit
If your nonprofit operates in or serves clients in a disaster zone, you know how difficult the recovery process can…
Investing in the future with a 529 education plan
If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified…