Gift and Estate Tax Changes Coming in 2023, What You Need to Know to Prepare
As the lifetime gift tax exclusions and estate tax exemption sunset draws closer, planning for future annual gifting…
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Our blog is an extension of the advice you receive every time you speak with one of our advisors. From industry and advisory trends to useful tax and audit resources and Anders news, you'll gain insights into what we do, who we are and how we can help.
189 Results Found
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December 20, 2022
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November 22, 2022
Converting to a Roth IRA in 2022 Could Decrease Your Future Tax Burden
Converting to a Roth IRA from a traditional IRA may result in an immediate tax liability but timing…
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October 18, 2022
How Missouri’s Income Tax Reduction Will Unfold in 2023 and 2024
New legislation signed on October 5, 2022, exempts taxpayers’ first $1,000 of income from taxation and will reduce…
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October 4, 2022
St. Louis Inno Partnership: Startups Win with the Expanded Research and Development Tax Credit
The Research and Development Tax Credit can be extremely lucrative for a startup, especially now that it’s been…
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September 6, 2022
How Restaurants Can Make the Most of Pandemic Relief Funding
As COVID relief programs were incredibly influential within the food and beverage industry, many bars and restaurants are…
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August 30, 2022
How a Solo 401(k) Plan Can Help College Athletes Win in Retirement
The interim Name, Image and Likeness (NIL) Policy has opened many doors for college athletes – including the…
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August 23, 2022
Inflation Reduction Act Introduces Corporate Revenue Provisions, Expanded Tax Credits and More
The Inflation Reduction Act of 2022 (IRA) was signed into law on August 16, 2022 by President Biden.…
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August 16, 2022
Tax Deductions for 529 Plans Outside of Your Resident State
A 529 plan is a tax-advantaged savings plan which is aimed toward encouraging saving for primary and secondary…
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August 2, 2022
Wash Sale Rules and Cryptocurrency Tax Planning for 2022
Cryptocurrencies are on the rise, but many investors don’t understand the tax treatment and impacts of these digital…
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July 26, 2022
Save On Back To School Supplies During Illinois’ Tax Free Holiday August 5-14
The Illinois Back to School Sales Tax Holiday is a great time to stock up on supplies needed…
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July 26, 2022
Save On Back To School Supplies During Missouri’s Tax Free Holiday August 5-7
The Missouri Back to School Sales Tax Holiday is a great time to stock up on supplies needed…
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July 19, 2022
ERTC and the IRS: Biggest Considerations Before Claiming the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) is gaining more and more attention as companies are discovering that they…
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July 11, 2022
Missouri Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program
A Missouri bill, HB 2400, was recently signed into law and will impact businesses across the state. With…
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June 28, 2022
Is Your Business Eligible for the ERTC?
The Employee Retention Tax Credit (ERTC) has helped many businesses retain employees and recover from the effects of…
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May 10, 2022
Considering Starting a Restaurant? Here’s What You Need to Know
Whether you’re a new owner or considering a second location, expanding within the foodservice industry is an exciting…
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April 26, 2022
Rental Property Income Tax: Why Active or Material Participation Matters
Owning rental real estate can be a great supplemental source of income in addition to a normal day…
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March 15, 2022
Recent Changes in the Research and Development Landscape: What Your Company Needs to Know
Included in the passing of the Tax Cuts and Jobs Act (TCJA) in 2017 was a “revenue raiser”…
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March 10, 2022
Restaurants Can Save Big by Claiming the FICA Tip Tax Credit
Tips are common in the food and beverage industry, and restaurants are required to pay FICA and Medicare…
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March 3, 2022
Working Remotely in Different States? Find out Where You Need to File Taxes
With many companies either extending their remote work timeline due to COVID-19 or permanently switching to a remote…
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February 28, 2022
Tax on Tipping: How Restaurants and Bars Should Report Employee Tips
In most restaurants and bars, employees have the potential to earn a majority of their wages in tips.…
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February 1, 2022
Businesses Accepting Venmo and Other Digital Payments Need to Be Aware of New Tax Reporting Requirements
Certain well-known digital payment services like Venmo, PayPal and Square recently announced changes in reporting requirements for tax…
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January 11, 2022
2023 Tax Pocket Guide
Access the 2023 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits…
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January 6, 2022
2022 Payroll Tax and Withholdings Update
In 2022, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k)…
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December 28, 2021
College Athletes Could Be in for a Big Tax Surprise on NIL Deals
A bright light is finally being shined on the financial inequities seen in collegiate athletics. In some cases,…
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December 15, 2021
RECORDED WEBINAR: Year-End Tax Planning and Strategies for 2022
Year-End Planning is Underway. Are You Prepared to Navigate the Changing Tax Landscape? As 2021 comes to a…
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December 8, 2021
Employee Retention Tax Credit Retroactively Terminated: What To Do if You Are No Longer Eligible for Q4
The Employee Retention Tax Credit (ERTC), originally a part of the Coronavirus Aid, Relief, and Economic Security (CARES)…
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November 23, 2021
St. Louis Inno Partnership: Tax Impacts Startups Should Consider Before Making an Entity Selection
While entity selection may not seem like the most important or exciting decision an entrepreneur will make for…
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November 2, 2021
Year-End Tax Planning Tips for 2021: Consider Tax Law Changes and Traditional Strategies
This year we experienced new and familiar challenges from the year before, including returning to the office, navigating…
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October 26, 2021
St. Louis Inno Partnership: Did Your Startup Survive 2020? Take Advantage of the Employee Retention Tax Credit
Originally part of the CARES Act, the Employee Retention Tax Credit (ERTC) helped businesses stay open through the…
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October 19, 2021
Real Estate Investing in a Seller’s Market: How a Reverse 1031 Exchange Can Help Defer Tax on Capital Gains
A 1031 exchange, otherwise known as a “like-kind exchange”, is a common tax strategy for real estate investors…
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September 21, 2021
St. Louis Inno Partnership: Choosing the Right Startup Entity Structure Before Fundraising
Before startups begin the capital raising process, it’s vital to select the right entity structure to set up…
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September 14, 2021
House Releases Details of Tax Proposal with Impacts on Corporations and High-Income Individuals
On Monday, September 13th, House Democrats released details of their eagerly-awaited tax increase proposal. The House Ways and…
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September 14, 2021
Pending Estate Tax Exemption Decrease Creates Opportunity for Large Estates to Gift Now
The Tax Cuts and Jobs Act significantly increased the gift and estate tax exemption threshold. The current lifetime…
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July 20, 2021
Now is the Time to Consider a Spousal Lifetime Access Trust (SLAT) for Estate Tax Planning
The estate tax exemption has always been a powerful estate tax planning tool for individuals and families. Currently,…
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July 6, 2021
The Rise of Cryptocurrency: Breaking Down the Basics of Bitcoin and Tax Treatment
Cryptocurrencies such as Bitcoin and Ethereum have become a very popular headline lately. What was once “internet funny…
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June 29, 2021
How President Biden’s Potential Tax Plans Could Impact You and Your Business
President Biden recently released his tax agenda comprised of the American Jobs Plan focused on corporations and the…
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