Benefits
Roth IRAs: What They Are and How They Work
Taxes are paid before contributions are made to a Roth, but they're paid on a traditional IRA at the time the money is withdrawn.
Tax Advantaged Strategies to Help Clients Plan for Long-Term Care
The Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider.
How SUI and State Income Taxes Affect Small Businesses
Because registering in multiple states is time-consuming and requires numerous compliance deadlines, most companies employ a third-party formation service to ensure they stay on the right side of the law.
The Power of Mentorship: Why Every Future Firm Leader Needs a Mentor
Whether you're just starting or looking to take your career to the next level, having a mentor or coach can significantly improve your chances of success.
IRS Quietly Changed the Rules on Inheritance Taxes
No more step-up in basis for property held in an irrevocable trust "that is not included in the taxable estate at death."
How to Realize Tax Rewards with Sec. 1244 Stock
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
How to Deduct Business Expenses While on Vacation
When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.
State CPA Societies in Action: Minnesota Society of CPAs (MNCPAs)
State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.