In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some…

Cash theft ranks as one of the most common frauds perpetrated on small businesses, according to a 2018 report by the Association of Certified Fraud Examiners (ACFE). To ensure your business is protected from theft,…

What’s My Tax Rate? It may seem like a simple question, but there are different types of tax rates out there. The following videos define two of them, a taxpayer’s Marginal Tax Rate and an…

If giving to charity is still in your agenda for 2019, there is still a window of time for you to make that year-end donation. Gifts to charity are one of the best tax-saving opportunities…

I enjoy working with manufacturing companies. Some of my more successful clients have been people that had an idea and literally made it a reality. As I’ve followed the industry over the years, I’ve noticed…

Many businesses looking for high growth will offer their employees the chance to purchase stock of the company. It’s also a common technique used in venture capital markets. The stock being purchased is often restricted…

As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating…

The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. The program can be used by residents of the District…