Tax Tips

Important Reminders for Charitable Giving in 2021

With the kickoff of the giving season, many people will be donating to charitable organizations. Taxpayers may be able to deduct donations to tax-exempt organizations on their tax returns. Here are some important reminders for those donating this year. Expanded Tax Benefits for Charitable Giving This year, taxpayers can claim a limited deduction on their […]

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Infrastructure Law Sunsets Employee Retention Credit (ERC) Early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through December 31, 2021) — unless the employer is a “recovery startup business.” The Infrastructure Investment and […]

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Many Factors are Involved When Choosing a Business Entity

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company (LLC), or S corporation. There are many factors to consider and proposed […]

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