Newburg | CPA Tax Brief (8/30/21) Notice 2021-49 issued by the IRS on August 4, 2021 addresses changes made by the American Rescue Plan Act of 2021 (ARPA) to the Employee Retention Tax Credit (ERTC). The Notice confirms the extended eligibility of the credit for employers that pay qualified [...]
Newburg | CPA Tax Brief (8/26/21) If your estate includes significant real estate investments, the manner in which you own these assets can have a dramatic effect on your estate plan. One versatile estate planning option to consider is tenancy-in-common (TIC) ownership. What is tenancy-in-common? A TIC interest [...]
Newburg | CPA Tax Brief (8/24/21) If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it. Tax-free property transfers [...]
Newburg Staff Writers (8/10/21) If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at elementary, middle and high schools, as well as those attending college, graduate school or accredited vocational [...]
Newburg Staff Writers (8/3/21) If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. Long-term medical care The costs of qualified long-term care, including nursing home care, are deductible as medical [...]
Newburg | CPA News Brief January 3, 2023 These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you [...]
