Choosing the Correct Filing Status

It’s important to use the right filing status when you file your tax return. The status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. … Continued

Leverage Part-Time Workers To Meet Staffing Demands

The Bureau of Labor and Statistics reports that there are almost 20 million people who are available for part-time work. These 20 million people have chosen to work part-time for non-economic reasons. For CPA firms struggling with finding good talent, … Continued

Charitable Contributions

It’s that time of the year again, when many taxpayers make charitable contributions. You should note that charitable contributions are only deductible if you itemize deductions on Form 1040, Schedule A. To be deductible, you must make charitable contributions to … Continued

Tips for Year-End Gifts to Charity

For individuals and businesses making year-end gifts to charity, please consider several important tax law provisions which have taken effect in recent years. Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of Clothing and … Continued