Federal Tax News for Individuals
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, […]
Read More Due Diligence Considerations When Buying a Business
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
Read More Tax Implications of Student Loan Debt Relief
Many people have incurred student loan debts. But some are fortunate enough to have their loans discharged or paid off by employers. If you're one of the lucky ones, be aware that cancellation of student loan debt will result in taxable income, unless an exception applies. Here's an overview of the federal income tax rules that apply in these situations
Read More 5 ways to upskill your workforce
The past few years has seen a general “skills gap” in the manufacturing sector. One answer to this ever-increasing issue is to take steps to “upskill” your workforce.
Read More New tax reporting requirements for payment apps could affect you
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but they […]
Read More Close-Up on the Individual AMT
The alternative minimum tax (AMT) rules are confusing for many people. Although the corporate AMT was permanently eliminated by the Tax Cuts and Jobs Act, some individuals may still owe the AMT. Are you at risk for this dreaded tax? Here's a refresher on the AMT rules that apply to individual taxpayers for 2018 through 2025.
Read More Federal Tax News for Businesses and Individuals
For Business Reporting by Third-Party Settlement Organizations Is Changing If you run a business and receive payments through third-party settlement organizations (TPSOs), expect significant changes in 2022. To improve voluntary tax compliance, the American Rescue Plan Act (ARPA) now requires […]
Read More Important Tax Figures for 2022
Important Tax Figures for 2022 The following table provides some important federal tax information for 2022, as compared with 2021. Some of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/ Medicare 2022 2021 […]
Read More Manufacturers: Don’t Miss Out on an R&D Tax Credit
Determining eligibility for the research and development (R&D) credit and calculating the amount can be complicated. Many manufacturers mistakenly think they won't qualify. But you shouldn't pass up the opportunity to benefit from this tax break. This article explains how to qualify for the R&D credit, clears up four common misconceptions and discusses how the credit amount is calculated.
Read More Hall, Kistler & Company Elects Keith A. Arner, CPA, CVA to Managing Partner
Hall, Kistler & Company Elects Keith A. Arner Managing Partner
Read More Hall, Kistler & Company Announces Mid-Year Promotion and New Hire
Canton, Ohio – July 29, 2019 – Hall, Kistler (HK) is pleased to announce that Andrew (Andy) M. Griffin, CPA has been promoted from Supervisor to Manager. Andy practices mainly in the areas of accounting and audit and specializes […]
Read More Jordan Knapp featured as the Canton Regional Chamber of Commerce’s Young Professional!
Canton, Ohio – April 10, 2019 – Hall, Kistler is pleased to announce that staff accountant Jordan Knapp is the featured Young Professional of Ystark!, a division of the Canton Regional Chamber of Commerce. Jordan was asked about his interest […]
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