Nov 2, 2020 | Tax, Uncategorized
Tax Savings for Non-Itemizers November 18, 2020 Standard or Itemize? Every taxpayer can take the Standard Deduction to reduce their income. However, if your deductions are going to exceed the standard amount you may choose to itemize your deductions. The...
Oct 29, 2020 | Tax, Uncategorized
Avoid Name Mismatch Audits November 13, 2020 If the name on your tax return does not match the name on file at the Social Security Administration for your Social Security number, here’s what could happen: Your tax return might be rejected when you...
Oct 29, 2020 | Tax, Uncategorized
Should You Amend Your Tax Return if You Find an Error? November 10, 2020 There’s usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you always file an...
Oct 29, 2020 | Business, Uncategorized
How to Walk the Tightrope When Raising Prices November 5, 2020 As a small business raising prices during bad economic times comes with great risk. If you raise prices, you risk losing clients to competitors. If you don’t, decreasing revenue or...
Oct 29, 2020 | Estate Planning, Uncategorized
Don’t Forget to Make a Portability Election November 10, 2020 Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his or her own transfers during life or at death. For 2020,...
Oct 28, 2020 | News, Uncategorized
2021 Social Security Changes Announced November 2, 2020 The Social Security Administration announced a 1.3% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2021. The increase is based on the rise in the Consumer Price...
