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Summer brings sunshine, ice cream trucks, baseball, fireworks and potential federal tax saving opportunities. Here are nine hot summer tax-planning ideas for small business owners and individuals. Some tips — such as sending the kids to summer camp, buying a boat or RV, and taking a trip that combines business with pleasure — enable you to combine tax planning with summertime fun.

When it comes to occupational fraud, many businesses and not-for-profit organizations adopt an "it can't happen here" mindset. But the 2022 Report to the Nations reveals that fraud is a pervasive global epidemic. Proactive organizations take steps to reduce opportunities for employees to steal. Here are some key findings from the new study, including a list of the top 10 fraud trends from the last decade.

SECURE 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version.

1. Court Determines that an Activity Was Engaged in for Profit 2. Nursing Services Company Loses in Court 3. Accounting Method of a Retirement Community Is Upheld in Court 4. Bookkeeper Must Pay Penalty After He's Found to Be a Responsible Person

If you're thinking about selling your business, you'll need to consider the buyer's perspective to help close the deal. Taxes are an important issue in negotiating the terms of the deal, and the buyer's tax objectives may conflict with yours. Here's an overview of the due diligence considerations from both parties' perspectives.

Home ownership can be a financially rewarding investment, especially when you factor in the potential tax savings opportunities. This article summarizes various federal tax breaks that sweeten the deal for homeowners today, including the home sale gain exclusion, itemized deductions for mortgage interest and property taxes, credits for certain "green" home improvements and more.

1. Involved in Crypto? Here Are Some Tax Issues 2. Reporting Income Earned from Gigs 3. Tip Income Responsibilities for Employees and Employers 4. IRS Issues the 2022 Foreign Housing Cost Exclusions 5. Supreme Court Declines to Hear Passport Revocation Case

In the current economic environment, many rental property owners are incurring losses. But they may not to be able to currently deduct them. Here's an overview of information that property owners should know about: deductions for operating costs and depreciation, the passive activity loss rules, the excess business loss rule and net operating losses, as well as details about properties generating taxable income.

If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider as you file your tax return for 2021 and plan for 2022. […]

For firm Hall, Kistler & Company in Canton, a successful approach to the hybrid working model meant focusing first on staff needs.

Tax Season Filing Tips Did you know that tax return errors can delay refunds and increase audit risk? Before your tax return preparation appointment, make sure you've gathered all 2021 tax documents received, such as W-2s and 1099s. In addition, […]

If you're in the market to buy a business, how the deal is structured can have a major impact on the due diligence that's needed to protect against known and unknown liabilities. Purchasing the assets in bulk may help reduce exposure to liabilities, but there may be tax and financial reasons to purchase an ownership interest in the target business instead. Here's an overview of possible due diligence procedures to consider