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In the News

Stories tagged as "In the News"


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​What You Need to Know about Employee Gifts and Taxable Income

Nov 29, 2022, 6:33 AM

With the holidays in full swing, a lot of employers will be planning to give their employees gifts. And the IRS, much like Scrooge, will want a cut. So, here’s a Q&A to help employers and employees know what’s taxable and what isn’t.
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​Why You Can’t Defer Your ERP Payments Until Next Year

Nov 2, 2022, 4:32 AM

If you’re an ag producer who was affected by natural disasters in 2020 and 2021, you’re likely eligible for the government’s Emergency Relief Program payments. But for most producers, you can't defer those payments.
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​Employee vs. contractor: Which does your business employ?

Oct 20, 2022, 10:38 AM

If you run a business, you might employ employees or contractors. There are some important legal distinctions between the two groups, and the U.S. Department of Labor recently announced some changes. So, it’s important that you figure out the type of worker you employ.
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How Will the Midterm Elections Affect the Market?

Oct 5, 2022, 10:20 AM

Our wealth and retirement planning partner, Avantax, breaks down market volatility heading into the midterm elections.
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What You Need to Know about Crowdfunding and Taxes

Oct 5, 2022, 3:34 AM

​You’ve probably seen or donated through a crowdfunding platform — like Kickstarter or GoFundMe — for someone’s medical bills, emergency needs, or business ideas. But is the money raised through crowdfunding considered taxable income?
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​(Almost) Everything You Need to Know about the Work Opportunity Tax Credit

Sep 30, 2022, 6:37 AM

There’s an employer tax credit out there that you might not know about. It’s called the Work Opportunity Tax Credit (or “WOTC” because the government loves abbreviations). And it’s available to employers who hire employees from one or more of nine targeted groups.
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​Late Tax Filers Get Some IRS Relief

Sep 7, 2022, 10:11 AM

If you filed certain forms late for the 2019 and 2020 tax years, the IRS might have some good news for you.
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Will Student Loan Forgiveness Affect Your Taxes?

Aug 25, 2022, 10:32 AM

Student loan forgiveness is again a hot topic of discussion. So, if you’re eligible for forgiveness, will your taxes take a hit?
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​What Does the Latest Federal Legislation Mean for Your Taxes?

Aug 15, 2022, 7:12 AM

“The Inflation Reduction Act of 2022” or the “Reconciliation Tax and Spending Bill” or the “Build Back Better Bill” — no matter what you call it, it has some important tax implications. Our quick explainer hits the highlights for you.
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​Alert: IRS says it sent wrong balance-due notices

Aug 4, 2022, 7:47 AM

The IRS admitted that some taxpayers are getting inaccurate balance-due letters, referred to as CP-14 notices.
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