How Employers Can Take Advantage of the Expanded Employee Retention Tax Credit
On December 27, 2020 President Trump signed into law a new relief bill in response to the continuing…
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173 Results Found
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January 6, 2021
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December 29, 2020
Rehabbing a Historic Building? Historic Preservation Tax Credits Can Help
The Historic Preservation Tax Incentives Program works to revitalize communities across the country by offering a tax incentive…
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December 8, 2020
How Working from Home Affects State Taxes in Missouri and Illinois
With many companies having a remote workforce for most of 2020, there are a lot of questions around…
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November 3, 2020
Blues Captain Leaves for Sin City: How State Income Taxes Played a Role in Alex Pietrangelo’s Departure
On January 3, 2019, no one could have predicted that the then St. Louis Blues captain, Alex Pietrangelo,…
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October 29, 2020
Year-End Tax Planning for 2020: RMD Changes, Tax Law Proposals and Strategies to Consider
Being nimble has seemed like a requirement for all of 2020. We have needed to be nimble with…
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October 13, 2020
How the Presidential Election Could Impact Your Taxes
As election season comes to a head, taxpayers across the country are wondering how their families and businesses…
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September 29, 2020
Net Operating Loss Carrybacks Offer a New Cash Flow Opportunity Under the CARES Act
The CARES Act has created many tax planning opportunities for individuals and businesses alike. One of these opportunities…
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September 22, 2020
179D Tax Deduction Extended Through 2020 for Energy Efficient Building Improvements
Commercial building owners can now take advantage of the 179D tax deduction for energy efficient building upgrades through…
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September 3, 2020
Using Form 990 to Market Your Not-for-Profit
While tax-exempt not-for-profit organizations don’t typically have federal tax liability, most are still responsible for filing an annual…
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September 1, 2020
How a CARES Act Correction to Qualified Improvement Property Can Increase Cash Flow for Bars and Restaurants
After the Tax Cuts and Jobs Act (TCJA) of 2017 brought some unintended consequences to the tax treatment…
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August 13, 2020
Proposed Regulations Define “Real Property” for Like-Kind Exchanges
The IRS released proposed regulations defining property that can qualify for like-kind exchanges under changes imposed by the…
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August 10, 2020
How President Trump’s Executive Order Affects Payroll Taxes for Employees
On August 8, 2020, President Trump signed an executive order to defer certain payroll tax obligations to provide…
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June 23, 2020
Paying Too Much in Taxes? Here are Common Expense Deductions Startups Miss
Many profitable companies, including startups, are paying more in taxes than they should solely because they are not…
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April 14, 2020
IRS Defers Employment Tax Deposits and Payments Through 2020
The IRS recently released guidance on the CARES Act employment tax deposit deferral. Below are the highlights of…
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March 20, 2020
IRS Extends Federal Tax Filing Deadline to July 15 in Response to COVID-19
The IRS has officially extended the federal income tax filing and payment deadline from April 15 to July…
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March 10, 2020
Protect Yourself Against Tax-Related Identity Theft with a New Tool from the IRS
It’s crunch time for filing individual tax returns, which means tax-related identity theft is on the rise. Each…
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March 3, 2020
If Your Accounting Firm is Organized as a Partnership, the IRS Requires 1099s for Fees Paid
The IRS requires businesses, self-employed individuals, and not-for-profit organizations to issue Form 1099-MISC for professional service fees of…
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February 11, 2020
Overcoming Obstacles for Utilizing the QBI Deduction
As we enter year three of the qualified business income (QBI) era, if you have not yet taken…
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February 4, 2020
2020 Payroll Tax and Withholdings Update
In 2020, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k)…
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January 21, 2020
2020 Tax Pocket Guide
Access the 2020 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits…
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January 18, 2020
Basic Rules of Passive vs. Non-Passive Income
The net investment income (NII) tax is a 3.8% surtax on investment income that was created by the…
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November 14, 2019
Missouri Announces Individual Income Tax Changes for 2019 Tax Returns
The Missouri Department of Revenue has announced the 2019 individual income tax year changes, effective for the tax…
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October 29, 2019
You May Be Able to Claim the 45L Tax Credit Retroactively Thanks to the New Home Energy Efficiency Act
The House signed the bill earlier this week and now the Senate has approved for the 45L tax…
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October 8, 2019
How to Give and Get Back with Tax-Advantaged Charitable Giving Following Tax Reform
Many more taxpayers are now taking the standard deduction as a result of the Tax Cuts and Jobs…
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September 6, 2019
New Phone Scam Impersonating the Social Security Administration
The IRS has issued a consumer alert regarding a new phone scam in which a recording pretends to…
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September 3, 2019
Top Mistakes to Avoid to Maximize the QBI Deduction
The 20% Qualified Business Income (QBI) deduction was arguably the most complicated change taxpayers faced during the 2019…
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June 20, 2019
How the Business Interest Expense Deduction Could Create a Larger Tax Liability for Your Company
The new business interest expense deduction is one of the Tax Cuts and Jobs Act (TCJA) changes that…
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April 9, 2019
Tax Reform for Individuals: Repealing the Overall Itemized Deduction Pease Limitation
The Pease Limitation previously put a cap on how much wealthy individuals could claim for certain itemized deductions…
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March 28, 2019
Tax Reform for Individuals: Changes in Deducting Gambling Losses
Professional gamblers and hobby gamblers are now on the same playing field in the eyes of the IRS.…
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March 12, 2019
Tax Reform for Individuals: Qualified Charitable Distributions
The tax benefits of donating to your favorite charity have changed under the Tax Cuts and Jobs Act…
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February 28, 2019
Tax Reform: Excess Business Losses
Pass-through business owners historically were able to deduct excess business losses, allowing them to reinvest that money into…
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February 19, 2019
Tax Reform for Individuals: Roth Recharacterizations
Converting a traditional IRA to a Roth IRA may make sense for your retirement strategy depending on your…
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February 14, 2019
Tax Reform for Individuals: Standard Deduction and Personal Exemption Changes
If you’re used to itemizing deductions for expenses such as mortgage interest, state and local income tax and…
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February 12, 2019
Tax Reform for Individuals: Net Operating Losses (NOL)
A net operating loss, or more commonly known as a NOL, is a loss that has occurred in…
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February 6, 2019
Does Your Rental Real Estate Qualify for the 20% QBI Deduction?
One of the most talked about components of the Tax Cuts and Jobs Act (TCJA), the 20% Qualified…
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February 5, 2019
Tax Reform May Bring Bigger Tax Liability for Athletes
With a large salary comes a large tax liability for athletes, and that could be going up following…
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