You may be entitled to tax breaks if caring for an elderly relative
If you’re caring for an elderly relative, you may be entitled to some tax breaks. Here are four of them.
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Outlook
News, views, and ideas shaping the future.
Gwen DiMeo
- May 20
- 3 min
Tax tips when buying the assets of a business
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results.
Cassady Schiller
- May 20
- 2 min
Cassady Schiller Joins KSM
We at Cassady Schiller are excited to announce that effective May 31, we are joining forces with KSM (also known as Katz, Sapper & Miller).
Victoria Ma
- May 15
- 3 min
When do valuable gifts to charity require an appraisal?
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS...
Charlie Halcomb
- May 10
- 2 min
It’s almost time for a midyear checkup on your company’s financial health
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance.
Mike Hawkins
- May 7
- 4 min
Federal regulators expand overtime pay requirements, ban most noncompete agreements
The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are...
Cassady Schiller
- Apr 29
- 1 min
How Cassady Schiller Keeps Turnover Below Industry Average
With an employee development focus, we have a significantly lower rate of employee turnover than the industry average.
Jay Rueger
- Apr 29
- 3 min
When partners pay expenses related to the business
If you’re a partner in a partnership business, can you deduct expenses you incur on your personal tax return? Here are the rules.
Sarah Dmytryk
- Apr 23
- 2 min
Watch out for “income in respect of a decedent” issues when receiving an inheritance
Property you inherit generally isn’t included in income for tax purposes. However, there are certain items that may have to be included.
Michele Perry
- Apr 22
- 2 min
When businesses may want to take a contrary approach with income and deductions
Businesses: If you think your federal income tax rates could go up in the future, here are some considerations.
Teresa Nieman-Gregg
- Apr 18
- 1 min
What is Retirement Planning?
Retirement planning is the process of determining your retirement income goals and the actions necessary to achieve those goals.
Jamie Applegate
- Apr 17
- 3 min
The pros and cons of turning your home into a rental
Home selling & buying season is heating up, but rents are also high. Here's the tax implications of buying another home & renting out yours.
Gwen DiMeo
- Apr 16
- 3 min
Scrupulous records and legitimate business expenses are the key to less painful IRS audits
Maintaining meticulous business records can help protect your tax deductions and Make an IRS audit much less difficult.
Cassady Schiller
- Apr 8
- 1 min
Should you get help with Tax Planning?
With over 50 CPAs we offer guidance to our clients in order to minimize their tax liabilities. Unlike tax preparers, whose services are...
Mike Hawkins
- Apr 3
- 3 min
The tax deadline is almost here: File for an extension if you’re not ready
The April 15 tax deadline is approaching, but what if you’re not ready to file? There are some steps you can take to avoid steep penalties.
Nick Feldman
- Mar 25
- 3 min
Coordinating Sec. 179 tax deductions with bonus depreciation
There’s more than one way for businesses to claim depreciation tax deductions. By combining them, you can get optimal tax-saving results.
Brian Stautberg
- Mar 22
- 3 min
President Biden’s proposed budget highlights his tax agenda
President Biden has laid out his proposals for tax law changes in the fiscal year 2025 budget.
Avleen Marwah
- Mar 19
- 3 min
How renting out a vacation property will affect your taxes
Many people who own vacation homes rent them out to earn extra income. Renting them out may even provide tax breaks. Here are the rules.
Mark Picard
- Mar 18
- 3 min
Bartering is a taxable transaction even if no cash is exchanged
If your small business wants to exchange goods & services without exchanging money, you may be able to barter. Be aware of tax consequences.
Jason Wolfe
- Mar 16
- 3 min
How to minimize billing bottlenecks
Today, many companies are seeking innovative ways to improve their financial health. One area to focus on is billing and collections.
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