Your estate plan: Don’t forget about income tax planning
With the estate tax exemption at $12.06 million 2022, many estates won’t be subject to estate tax. As a result, more planning can be devoted to saving income taxes for your heirs.
Summer is a good time to plan for next year’s taxes
The slower summer months are an ideal time to review your tax position and prepare for next year’s tax return.
Don’t panic – but don’t ignore notices from the IRS
This is the time of year when the IRS begins mailing notices to taxpayers about their recently filed returns.
Keep focused on the long-term in the face of market volatility
While it is unnerving to see portfolio values decline, it is important for investors to maintain traditional disciplines around investment strategies.
Is now the time to make the switch to a Roth IRA?
Present and future income tax rates should be considered when deciding to convert your traditional IRA to a Roth IRA.
Antares Group promotes three new partners
Antares Group, Inc. is pleased to announce it has promoted three people to Partner in the firm. Effective May 1, 2022, Trish Casdorph, CPA, Rebecca Phillips, CPA, and Kristin Ward were named Partner with Antares Group. Trish Casdorph, CPA Trish joined Antares Group in 2021 as Co-Director of the firm’s Business & Tax Advisory Group. […]
Georgia approves income tax reduction
Taxpayers in Georgia will see a reduction in their state income tax rate beginning in 2024. Governor Brian Kemp signed the Tax Reduction and Reform Act of 2022, which reduces over a period of seven years the current tax rate of 5.75% to 4.99%. The actual reduction will be subject to a one year delay […]
Offering summer job opportunities? Double-check child labor laws
Spring has sprung — and summer isn’t far off. If your business typically hires minors for summer jobs, now’s a good time to brush up on child labor laws. In News Release No. 22-546-DEN, the U.S. Department of Labor’s Wage and Hour Division (WHD) recently announced that it’s stepping up efforts to identify child labor […]
Is money raised from crowdfunding taxable?
Social media is not just a tool for sharing information and ideas with friends and loved ones across the world, it has also opened up a whole new way of garnering attention – and donations – for charitable organizations, people in need and new business ventures. As a result of the popularity of crowdfunding sources, […]
Fully deduct business meals again this year
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021). So, you can […]