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President Trump and the Republican Congress plan to act swiftly to make broad changes to the United States — including its federal tax system. Congress is already working on legislation that would extend and expand provisions of the sweeping Tax […]

When businesses acquire real estate, they often title it under the company name. Although this might seem straightforward and logical, it's not always the best choice — particularly for properties expected to appreciate significantly in value. Keep reading to learn […]

If you're establishing or buying a business with one or more other co-owners, consider implementing a buy-sell agreement to prevent unwanted ownership changes and ensure business continuity if an owner withdraws or dies. A properly drafted agreement can make your […]

Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they're structured with both carrots (tax-deferred compounding in the account) and sticks (taxes and sometimes penalties on withdrawals) to […]

The following chart provides some important federal tax information for 2025, as compared with 2024. Social Security/ Medicare20252024 Social Security Tax Wage Base$176,100$168,600 Medicare Tax Wage BaseNo limitNo limit Employee portion of Social Security6.2%6.2% Employee portion of Medicare1.45%1.45% Individual Retirement […]

If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.

Hall Kistler moving to a hybrid working model

Effective January 1, 2022, municipal income tax withholding returned to the Pre-COVID-19 emergency declaration "General Rule". Prior to January 1, 2022, employers were to follow the governor's emergency declaration "temporary rule" in which they withheld based on their regular place […]

You can obtain an identity theft pin from the IRS to protect yourself from tax-related identity theft. The identity theft pin is a six digit code that you obtain from the IRS yearly and input into your tax return. This […]

Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. You can also Opt-Out, but hurry the first Unenrollment Deadline is 6/28/21.

In Notice 2021-34, the IRS has released the reference price and credit amount for the production of natural gas from marginal wells. For tax years beginning in the calendar year 2020, the marginal well tax credit is $0.66 per Mcf. […]

The recent pandemic has further impacted the Oil and Gas Industry on top of already struggling prices. While reading a recent article from Forbes – “The Next Relief Bill – Congress Eyes R&D Tax Credit” I was reminded of the […]