HMWC CPAs and Business Advisors

 
Archive:

2017 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
January 3rd, 2017

Want to Save for Education? Make 2016 ESA Contributions by December 31
December 20th, 2016

Why Making Annual Exclusion Gifts Before Year End Can Still Be a Good Idea
December 13th, 2016

Can You Pay Bonuses in 2017 but Deduct Them This Year?
December 6th, 2016

There’s Still Time to Benefit on Your 2016 Tax Bill by Buying Business Assests
November 28th, 2016

Accelerating Your Property Tax Deduction to Reduce Your 2016 Tax Bill
November 22st, 2016

Year-end Tax Strategies for Accrual-basis Taxpayers
November 21st, 2016

A Brief Overview of the President-elect’s Tax Plan for Individuals
November 15th, 2016

A Quick Look at the President-elect’s Tax Plan for Businesses
November 14th, 2016

It’s Critical to Be Aware of the Tax Rules Surrounding Your NQDC Plan
November 1st, 2016

Beware of Income-based Limits on Itemized Deductions and Personal Exemptions
October 25th, 2016

What the Self-employed Need to Know about Employment Taxes
October 18th, 2016

Are You Timing Business Income and Expenses to Your Tax Advantage?
October 11th, 2016

Tax-smart Options for Your Old Retirement Plan When You Change Jobs
October 4th, 2016

Prepaid Tuition Vs. College Savings: Which Type of 529 Plan Is Better?
September 20th, 2016

Documentation Is the Key to Business Expense Deductions
September 13th, 2016

Tax Impact of Investor Vs. Trader Status
September 6th, 2016

Are Frequent Flyer Miles Ever Taxable?
August 30th, 2016

Now’s the Time to Start Thinking about “Bunching” — Miscellaneous Itemized Deductions, That Is
August 23rd, 2016

Combining Business and Vacation Travel: What Can You Deduct?
August 16th, 2016

3 Strategies for Tax-Smart Giving
August 9th, 2016

Don’t Roll the Dice With Your Taxes If You Gamble This Year
August 2nd, 2016

Should You Make a “Charitable IRA Rollover” in 2016?
July 26th, 2016

To Deduct Business Losses, You May Have to Prove “Material Participation”
July 19th, 2016

There’s Still Time for Homeowners to save with Green Tax Credits
July 12th, 2016

3 Mutual Fund Tax Hazards to Watch Out For
June 28th, 2016

Awards of RSUs Can Provide Tax Deferral Opportunity
June 28th, 2016

Throw a Company Picnic for Employees This Summer and Enjoy Larger Deductions
June 21st, 2016

Finding the Right Tax-advantaged Account to Fund Your Health Care Expenses
June 14th, 2016

Combine Business Travel and a Family Vacation Without Losing Tax Benefits
June 7th, 2016

Stock Market Volatility Can Cut Tax on a Roth IRA Conversion
May 31st, 2016

How Many Employees Does Your Business Have for ACA Purposes?
May 24th, 2016

How Summer Day Camp Can Save You Taxes
May 17th, 2016

Putting Your Home on the Market? Understand the Tax Consequences of a Sale
May 10th, 2016

QSB Stock Offers 2 Valuable Tax Benefits
May 3rd, 2016

Unexpected Retirement Plan Disqualification Can Trigger Serious Tax Problems
April 26th, 2016

Why Deal Structure Counts in M&A Transactions
April 25th, 2016

Why It’s Time to Start Tax Planning for 2016
April 19th, 2016

What 2015 Tax Records Can You Toss Once You’ve Filed Your Return?
April 12th, 2016

Filing for an Extension Isn’t Without Perils
April 5th, 2016

Entrepreneurs: What Can You Deduct and When?
March 28th, 2016

Tips for Deducting Losses From a Disaster, Fire or Theft
March 21st, 2016

3 Income-tax-smart Gifting Strategies
March 14th, 2016

Make a 2015 Contribution to an IRA Before Time Runs Out
March 7th, 2016

2 Benefits-related Tax Credits Just for Small Businesses
February 29th, 2016

What’s Your Charitable Donation Deduction?
February 22nd, 2016

How to Max out Education-related Tax Breaks
February 15th, 2016

Deduct Home Office Expenses — If You’re Eligible
February 8th, 2016

File Early to Avoid Tax Identity Theft
January 25th, 2016

Why Investing in Small-business Stock May Make More Tax Sense Than Ever
January 18th, 2016

Could You Save More by Deducting State and Local Sales Taxes?
January 11th, 2016

2 Extended Credits Can Save Businesses Taxes on Their 2015 Returns
January 4th, 2016

No Changes to Retirement Plan Contributions for 2016
December 28th, 2015

Congress Passes “extenders” Legislation Reviving Expired Tax Breaks for 2015
December 21st, 2015

7 last-minute tax-saving tips
December 14th, 2015

Avoid a 50% penalty: Take retirement plan RMDs by December 31
December 7th, 2015

Don’t miss your opportunity to make 2015 annual exclusion gifts
November 30th, 2015

PTO contribution arrangements can help prevent the year-end vacation-time scramble
November 23rd, 2015

Reduce taxes on your investments with these year-end strategies
November 16th, 2015

Protect your deduction: Verify that a charity is eligible to receive tax-deductible contributions before you donate
November 9th, 2015

The 529 Savings Plan: a Tax-smart Way to Fund College Expenses
November 2nd, 2015

Save Tax — or at Least Defer It — by Carefully Timing Business Income and Expenses
October 26th, 2015

2 Tax Consequences to Consider If You’re Refinancing a Home
October 19th, 2015

Your Exec Comp Could Be Subject to The .9% Additional Medicare Tax or the 3.8% Niit
October 12th, 2015

Should You “bunch” Medical Expenses into 2015?
October 5th, 2015

Selling Rather than Trading in Business Vehicles Can save Tax
September 28th, 2015

Why You Should Contribute More to Your 401(K) in 2015
September 21st, 2015

How to Determine If You Need to Worry about Estate Taxes
September 14th, 2015

When Will Congress Pass “extenders” Legislation to Revive Expired Tax Breaks for 2015?
September 7th, 2015

All Income Investments Aren’t Alike When It Comes to Taxes
August 31st, 2015

Exporters and Others: Save Taxes with an IC-DISC
August 24th, 2015

What You Need to Know Before Donating Collectibles
August 17th, 2015

Teens in Your Family with Summer Jobs? Set up IRAs for Them!
August 10th, 2015

Act Soon If You Want to Help Your Child Buy a Home
August 3rd, 2015

Tread Carefully When Determining Compensation for S Corp
July 27th, 2015

Tax Treatment of NQSOs Differs from That of Their Better-Known Counterpart
July 20th, 2015

How to Begin Collecting Your 2015 Tax Refund Now
July 13th, 2015

Tax Impact of the Supreme Court’s Same-Sex Marriage Decision
July 6th, 2015

Opening The “Back Door” to a Roth IRA
June 22nd, 2015

Married with a Large Estate? Why You Still Need a Credit Shelter Trust
June 15th, 2015

Why the Details Matter When Selling Investments
June 8th, 2015

Watch out for Tax Consequences When Hiring Telecommuters Out of State
June 1st, 2015

Before Donating a Vehicle, Find out the Charity’s Intent
May 25, 2015

Expect Elementary School Costs in the Future? Consider an ESA
May 18, 2015

You’re a Real Estate Investor, But Are You a “Professional”?
May 11, 2015

100% deduction for certain M&E expenses!
May 06, 2015

Got ISOs? You need to understand their tax treatment
April 27, 2015

Facing an Unexpected Bill for the Additional 0.9% Medicare Tax?
April 14, 2015

A Net Operating Loss on Your 2014 Tax Return Isn’t All Bad News
April 06, 2015

Still filing a paper return? Be sure you understand the “timely mailed = timely filed” rule
March 30, 2015

Yes, there’s still time to make a 2014 IRA contribution!
March 23, 2015

Do you need to file a 2014 gift tax return by April 15?
March 16, 2015

Taking advantage of tangible property safe harbors
March 9, 2015

You might benefit from deducting investment interest expense on your 2014 tax return
March 2, 2015

Make sure you have proper substantiation for your 2014 donations
February 23, 2015

Should you forgo a personal exemption so your child can take the American Opportunity credit?
February 16, 2015

The “manufacturers’ deduction”: It’s not just for manufacturers
February 9, 2015

Be sure to deduct all of the mileage you’re entitled to
February 2, 2015

Why you shouldn’t procrastinate on filing your 2014 income tax return
January 26, 2015

Have you had your annual estate plan checkup?
January 19, 2015

Review gains and losses now to see if action by Dec. 31 can save 2014 taxes
December 2, 2014

Buying a business vehicle before year end may reduce your 2014 tax bill
November 25, 2014

Accelerating deductions to save taxes
November 18, 2014

Will the lame-duck Congress revive expired tax breaks for 2014?
November 11, 2014

How higher-bracket taxpayers can take advantage of the 0% long-term capital gains rate
November 4, 2014

Timing business income and expenses to your tax advantage
October 28, 2014

AMT triggers could boost your tax bill if you’re not careful
October 21, 2014

Self-employed? Save more by setting up your own retirement plan
October 14, 2014

Donating appreciated stock can offer substantial tax benefits
October 7, 2014

Maximizing depreciation deductions in an uncertain tax environment
September 30, 2014

Watch out for the wash sale rule
September 23, 2014

Careful tax planning critical for RSUs — and other stock-based compensation
September 16, 2014

How to protect yourself from underpayment penalties
September 9, 2014

Is your business ready for play-or-pay?
September 2, 2014

Vacation home owners – Adjusting rental vs. personal use might save taxes
August 26, 2014

Grandchild in college this fall? Paying tuition could save gift and estate taxes
August 19, 2014

“Bunch” miscellaneous itemized deductions to reduce your tax bill
August 12, 2014

Installment sales offer both pluses and minuses
August 5, 2014

Is a Roth IRA conversion right for you this year?
July 29, 2014

Give and receive with a charitable remainder trust
July 22, 2014

2 tax pitfalls of mutual funds
July 15, 2014

Have you misclassified employees as independent contractors?
July 8, 2014

Why you need to know the value of your assets
July 1, 2014

If you’ve put your home on the market, you need to know the tax consequences of a sale
June 24, 2014

Consider the Sec. 83(b) election to save tax on restricted stock awards
June 17, 2014

Who’s subject to the 50% limit on meal and entertainment deductions?
June 10, 2014

What to do with your old retirement plan when you change jobs
June 3, 2014

Summer day camp may save you taxes
May 27, 2014

3 tax traps when donating real estate to charity
May 20, 2014

Employers: Have you amended your FSA plan?
May 13, 2014

Don’t lose tax benefits when combining business travel with vacation pleasure
May 6, 2014

Softening the blow of higher taxes on trust income
April 29, 2014

Your 2013 tax return is filed. What tax records can you toss?
April 22, 2014

Making the most of your business’s NOL
April 15, 2014

Don’t inadvertently miss filing deadlines
April 8, 2014

Can I claim my elderly parent as a dependent?
April 1, 2014

It’s not too late to make a 2013 contribution to an IRA
March 25, 2014

Your 2013 return may be your last chance for 2 depreciation-related breaks
March 18, 2014

2013 higher education breaks may save your family taxes
March 11, 2014

Don’t overlook reinvested dividends
March 4, 2014

Could deducting state and local sales taxes save you more?
February 25, 2014

Short-term ACA relief now available for midsize and large employers
February 18, 2014

There’s still time to get substantiation for 2013 donations
February 11, 2014

Home office deduction 101
February 4, 2014

File early to reduce your risk of tax return fraud
January 28, 2014

Are you meeting the ACA’s additional Medicare tax withholding requirements?
January 21, 2014

Time for an estate plan checkup
January 14, 2014

Will Congress revive expired tax breaks?
January 7, 2014

Should you increase your retirement plan contributions in 2014?
December 31, 2013

Avoid the year-end vacation-time scramble
December 24, 2013

Why the self-employed should consider setting up a retirement plan before year end
December 17, 2013

Will your donations be more powerful this year?
December 10, 2013

Year-end tax planning for your investments
December 3, 2013

Smart timing of business income and expenses can save tax — or at least defer it
November 26, 2013

Beware of the AMT when doing year-end tax planning
November 19, 2013

Even with rising exemptions, 2013 annual exclusion gifts still a good idea
November 12, 2013

2013 may be your last chance for a “charitable IRA rollover”
November 5, 2013

Maximize your 2013 depreciation deductions with a cost segregation study
October 29, 2013

Will your exec comp be subject to expanded Medicare taxes?
October 22, 2013

Why you should max out your 2013 401(k) contribution
October 15, 2013

Expiration date for home mortgage debt forgiveness rapidly approaching
October 8, 2013

IRS issues final regs on tangible property expenses
October 1, 2013

Will your investment income be subject to the new 3.8% NIIT?
September 24, 2013

Start planning now if you’d like to deduct medical expenses
September 17, 2013

IRS makes more same-sex couples eligible for federal tax treatment as a married couple
September 10, 2013

Owners of leasehold, restaurant and retail properties must act soon to enjoy extended depreciation-related breaks
September 3, 2013

Use ESA funds to pay elementary and secondary school costs
August 27, 2013

New IRS website provides health care law information for just about everyone
August 20, 2013

Now’s the time to consider short-term GRATs
August 13, 2013

Renting out your vacation home brings tax complications
July 30, 2013

Could your frequent flyer miles be taxable?
July 23, 2013

Think twice before taking an early withdrawal from a retirement plan
July 16, 2013

Employers given another year to get into compliance with the health care act’s “play or pay” provision
July 9, 2013

Supreme Court’s DOMA decision will have a major tax impact on many same-sex married couples
July 2, 2013

How telecommuting can expose employers to unexpected taxes
June 26, 2013

Kids going to day camp? You may be eligible for a tax credit
June 19, 2013

The new 0.9% Medicare tax: Watch out for withholding issues
June 12, 2013

Tax consequences to consider before putting your home on the market
June 5, 2013

Work Opportunity credit for certain 2013 new hires can save you tax
May 29, 2013

Planning to make a large cash gift for high school graduation? Consider paying some college tuition instead
May 22, 2013

Why 2013 may be the year to make that car or boat purchase you’ve been thinking about
May 15, 2013

Alternative-asset IRAs: Handle with care
May 8, 2013

Be prepared for the health care act’s “play or pay” provision
May 1, 2013

Portability doesn’t preclude the need for marital transfers and trusts
April 23, 2013

April 15 has passed — now what?
April 16, 2013

The perils of filing for an extension
April 9, 2013

The revived research credit can still reduce your 2012 tax bill
April 2, 2013

IRS provides penalty relief to certain late filers
March 26, 2013

Do you need to file a 2012 gift tax return by April 15?
March 19, 2013

Yes, there’s still time to make a 2012 IRA contribution!
March 12, 2013

You don’t have to be a manufacturer to take the “manufacturers’ deduction”
March 5, 2013

Lower FSA contribution limit may make HSAs more attractive
February 25, 2013

You might save more by deducting state and local sales taxes
February 18, 2013

2012 return filing on hold for many taxpayers
February 11, 2013

Can recently enhanced Sec. 179 expensing reduce your 2012 taxes
February 4, 2013

Making the most of 2012 education credits
January 28, 2013

IRS makes deducting home office expenses easier
January 21, 2013

Newly revived “charitable IRA rollovers”: Time is running out for 2012 tax savings
January 14, 2013

What 2013 tax law changes mean for tax withholding
January 7, 2013

Three tax increases under the fiscal cliff deal
December 31, 2012

Tax Notes: Late Deductions for 2012
December 24, 2012

Two reasons to sell highly appreciated assets before year-end
December 18, 2012

Why businesses should consider purchasing vehicles before year end
December 11, 2012

The 2012 gift tax annual exclusion: Use it or lose it
December 4, 2012

Self-employed? Set up a retirement plan by Dec. 31!
November 27, 2012

Save more tax with donations of appreciated stock
November 20, 2012

Projecting income can allow businesses to use timing to their tax advantage
November 13, 2012

With election results in, what’s next for tax law changes?
November 5, 2012

Consider the tax implications if you’re awarded restricted stock
October 30, 2012

Lock in the 0% long-term capital gains rate while it’s still available
October 23, 2012

Tax Notes: Why 2012 may be the right year for a Roth IRA conversion
October 16, 2012

Tax Note: Make the most of depreciation-related breaks while you can
October 9, 2012

Tax Note: Time is running out for tax-free treatment of home mortgage debt forgiveness
October 2, 2012

Tax Note: Congress recesses until after the election; tax law uncertainty remains
September 25, 2012

Tax Note: Why you may want to incur medical expenses before year end
September 17, 2012

Tax Note: Need to hire? Consider veterans
September 10, 2012

Tax Note: How to verify that a charity is eligible to receive tax-deductible contributions
September 3, 2012

Tax Note: 2012 may be the last year to use tax-free ESA funds for precollege expenses
August 27, 2012

Tax Note: Now’s the time for giving
August 13, 2012