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Congress gives a holiday gift in favorable tax provisions

Congress gives a holiday gift in favorable tax provisions

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also...

Holiday gifts and parties can help provide tax breaks

Holiday gifts and parties can help provide tax breaks

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting holiday parties. It’s a good idea to understand the tax rules...

What it takes to deduct medical expense on your tax return

What it takes to deduct medical expense on your tax return

As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to qualify. However, with proper planning, you may be able to time discretionary...

Protecting youth sports leagues from fraud

Protecting youth sports leagues from fraud

Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children. Youth sports leagues and teams are ripe for fraud. Cash transactions are common, and coaches and board members usually...

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