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IMPORTANT: We continue to have limited physical office hours, currently set as Monday-Thursday 9:00-4:00, and Friday’s are By Appointment Only.  With our varying staff levels, our phones do have additional hours of coverage, so please feel free to call. We still welcome you to pre-schedule a visit with our team as we would be happy to provide any one on one you may need!

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Highlight These Tax Dates On Your 2016 Calendar

Jan 11, 2016 | Taxes

Grab your fluorescent highlighters and pick a color that you like. It’s time to mark important tax due dates on your 2016 calendar. January 15 – Due date for the fourth and final installment of 2015 estimated tax for individuals (unless you file your 2015 return and...

Tax “Extenders” Renewed In Late December Legislation

Jan 4, 2016 | Taxes

In mid-December 2015, Congress renewed the extenders that expired last year. But this time, the extender renewal went further than making the breaks retroactive to the beginning of 2015. Some of the rules are now effective through December 31, 2016, some are effective...

Do You Need To Pay Income Taxes On Gifts?

Dec 16, 2015 | Taxes

The act of gifting is generally not a taxable event when you’re the receiver, or “donee.” Why? At the point of receiving the gift, you typically have not received income. What about when you’re the gift-giver? How does the act of giving the gift affect...

How To Navigate The Tax Rules For Business Gifts

Dec 9, 2015 | Business, Taxes

Business gift giving is a way to say thank you to customers, suppliers, and employees, and to show your appreciation for the business relationship. Do you know how to treat gifts for tax purposes? Here’s an overview. Gifts to non-employees The general rule is you can...

Understand This Depreciation Rule When Buying Assets

Dec 2, 2015 | Business, Taxes

You’re already aware that depreciation expensing techniques help reduce federal taxes when you purchase business assets such as autos, machinery, equipment, and furniture at year-end. But did you know that might not be as true this year as it once was? Here’s why....

Last-minute tax savers for individuals

Oct 12, 2015 | Taxes

Even though the end of the year is fast approaching, you still have time to trim your 2015 federal income tax bill. Here are suggestions. State and local income taxes. If you prepay certain state and local taxes, you can claim the deduction on your 2015 return....