In August 2022, President Biden signed the Inflation Reduction Act (IRA) into law. Learn about the major provisions related to climate, energy, and taxes and how they may affect you and your business.
Tax-loss harvesting is a strategy that enables a taxpayer to reduce taxes by using losses to offset gains or income. While taxpayers often wait until the end of the year to assess gains and losses, the opportunity for tax-loss harvesting can happen at any time throughout the year.
Knowing how to help your aging parents financially without incurring personal debt can be a challenge. You want to make sure they can live comfortably in their golden years, but you don’t want to strain your own finances in the process. In this article, we’ll discuss tips for helping aging parents financially without breaking the bank.
The Work Opportunity Tax Credit is an incentive for businesses to hire workers who might have a challenging time entering the workforce. Learn about the WOTC requirements, credit amount, and how to get the credit.
Changes to the way that research and experimentation (R&E) expenses are treated under Section 174 of the Internal Revenue Code became effective as of January 1, 2022. Learn about these changes and how they might affect your business.
Many wealthy individuals have taken steps to maximize their lifetime gift tax exemption before it reverts back to a lower level in 2026. However, the IRS recently proposed new guidance that would allow for clawbacks of certain gifted assets. Learn more about the proposed changes in this article.
