How Does the Estate Tax Exemption Impact You?
In the last decade, a lot has changed with tax planning for your estate. Most notably, the estate tax exemption. What Is Estate Tax? According…
Cannabis | Consulting | Tax
What to Expect During IRS Cannabis Audits
Cannabis Audit Procedures Revealed in Confidential IRS Document It’s been documented that the IRS looks closely at cannabis businesses. We’ll take a look at the…
Accounting | Cannabis | Tax
Attention Marijuana Operators: Learn the Tax Implications of Missouri Amendment 3
Tax law is changing for Missouri cannabis businesses. On November 8, 2022, Missouri Amendment 3, the Marijuana Legalization Initiative, was approved by voters, extending marijuana…
Self-Employed Health Insurance Tax Deduction
Tax benefits are available to self-employed individuals who pay health insurance costs. Self-employed taxpayers can deduct 100% of their health insurance costs in computing their…
Beware: Gift Card Tax Scams
After the the holiday season, gift card tax scams are common. Taxpayers should be aware of the tactics that thieves often use during this time…
Seniors: Reduce Your Tax Burden by Donating to Charity through Your Retirement Account
If you’re an IRA owner—age 70½ or over—qualified charitable distributions (QCDs) are great options for making tax-free gifts to charity. You can transfer up to…
Are Your Social Security Benefits Taxed?
Social security income is taxed differently than the income you may have earned during your career. Whether you pay income tax on social security depends…
Make Taxes Easier with Year-End Tax Planning
It’s a great practice to participate in year-end tax planning. Not only does planning equal fewer surprises, but it also gives you the opportunity to…
Save Money on Your 2022 Taxes
As we wrap up 2022, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions…
How to Maximize Capital Gains and Losses on Your Taxes
With the stock market’s volatility and the year coming to an end, it’s a good time to review how you, as an individual, are taxed…