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Year-End Tax Cutting Ideas

Year-End Tax Cutting Ideas

Yes, there are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Tax loss harvesting. If you own stock outside a tax-deferred retirement plan, you can sell your under-performing stocks by December 31 and...
Four Key Ways We Keep You Safe

Four Key Ways We Keep You Safe

Identity theft is a real threat in every industry, and the world of taxes and accounting is no exception. According to the IRS, there have been 222 data theft reports this year from tax-related firms – outpacing the last two years, in part, because of the COVID-19...
Manage Capital Gains Tax Tips

Manage Capital Gains Tax Tips

If not tracked and managed properly, capital gains tax can come as a large surprise at tax-filing time. In fact, many taxpayers don’t realize they have a capital gain until they get their 1099 form in January and see a capital gain distribution. Here’s...
Dramatic Sales Tax Change

Dramatic Sales Tax Change

The U.S. Supreme Court issued a ruling in the South Dakota vs Wayfair case that opens the door for states to impose sales tax on sellers outside their borders. The case highlights a new standard of business presence called “economic nexus” that may have...