Ethical Concerns in Using Tax Planning Software

What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that

Recent blogs

2020 Tax Update for the Tax Planner – Part 1

There have been so many tax changes this year! As you might expect, it is difficult to cover them all. We’ll try to highlight a

New Rules on “Covered Period” – Why is timing so important?

This post is focused on timing. Why is timing so important? From a tax-saving standpoint, not every dollar of deduction is worth the same amount

PPP Forgiveness

Although the focus of this post is PPP forgiveness, the loan itself is a great deal. The payment terms are phenomenal, and it can be

Forget about “Simple.” It’s VALUE that counts.

Here is a common misconception: if a task is simple, it isn’t valuable. Don’t take this misconception lightly, as it can have huge implications regarding

Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?

We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to a year that is before

Corporate Refund Claims With Minimum Tax Credit Perplex IRS

Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in that carryback year might need

Payroll Tax Deferral for Federal Employees Prompts Criticism

A government notice indicating that President Trump’s temporary payroll tax deferral will go into effect for federal employees sparked alarm from observers, who say the