2019 Year-End Tax Planning

It is that time of year again! No, not holiday season, tax planning season! As we approach year-end, it is important to be looking at ways to minimize our tax liability.  Why pay more than your fair share?  Below are several key items that should be considered for both  individuals and for business owners. As…

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How Your Nonprofit Can Get a Boost with Year-End Giving

Year-end giving is a crucial time of year for nonprofits, and organizations are in overdrive in pursuit of mission-driven growth. Below are ideas and strategies to help boost your organization’s year-end giving. To make your efforts successful, it’s key to start planning before the holiday season. Get all of your key teams together—including marketing, fundraising and…

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How Construction Can Capitalize on Opportunity Zones

By Maureen McGetrick As 2019 approaches its final months, construction firms may start to see an uptick in interest for projects in opportunity zones. Enacted as part of 2017 Tax Reform, the opportunity zone program began attracting significant investor interest after the IRS released clarifying guidance about the program’s rules in October 2018 and again…

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R&E Credits to Offset Payroll Taxes

Did you know your company may be able to use research and experimentation (R&E) tax credits to offset payroll taxes? This article by McGuire Sponsel discusses how qualified small businesses with research tax credits have the ability to offset the employer portion of federal Social Security taxes up to $250,000 per year for up to five…

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5 Business Productivity Killers—and How to Slay Them

If you feel that business is harder today, you’re not alone. In addition to rising regulatory obligations and relentless technological change, the ability to attract and retain top talent has never been more difficult. To compete and thrive in this environment, businesses need to optimize their finance and accounting practices, and that means tackling challenges…

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Top 10 Property Tax Myths

Are you missing an opportunity to reduce your property tax liability? Nearly all local taxing jurisdictions, including municipalities, counties, and boards of education, generate tax revenue through the imposition of property tax, which is one of the most substantial sources of local government revenue. For many businesses, property tax is the largest state and local…

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Earn Tax-Free Income from Working Abroad

U.S. citizens and resident aliens are taxed on their worldwide income, whether they live inside or outside of the U.S. However, qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude from their income all or part of their foreign salary or wages, or amounts received as compensation for…

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