2020 Tax Prep, Planning & Strategy Insights

Tax Prep, Planning & Strategy

Take steps to curb power of attorney abuse

A financial power of attorney can be a valuable planning tool. The most common type is the durable power of attorney, which allows someone (the…

Tax Prep, Planning & Strategy

How’s your buy-sell agreement doing these days?

Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a liability policy.…

Tax Prep, Planning & Strategy

Can you deduct charitable gifts on your tax return?

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax…

Tax Prep, Planning & Strategy

Digital documents with e-signatures aren’t going away

Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed a contract with a certain technologically…

Accounting & Assurance

How taxes affect your nonprofit’s donors

The deductibility of most charitable gifts hasn’t changed since passage of the Tax Cuts and Jobs Act, but some recordkeeping requirements have.…

Tax Prep, Planning & Strategy

Determine a reasonable salary for a corporate business owner

If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as…

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Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
18 Apr

Do you know about the tax implications of renting your vacation home out for part of the year. part of the year? https://bit.ly/3TVWJmp

wcscpas Weyrich Cronin Sorra @wcscpas ·
16 Apr

"If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age." https://bit.ly/4db6yG3