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Returning Value Blog

Are You On The Hook For Unauthorized Charges?

Posted by Lisa Albritton on Nov 02, 2017

With the recent Equifax hack, it serves as a reminder of how easily your information can fall into the wrong hands. Here are some basic guidelines of just how liable you are for lost or stolen bank cards.

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Posted in Individual Tax

Tax Relief on Tap for Disaster Victims

Posted by Jessica L. Pagan, CPA on Nov 01, 2017

How to qualify for casualty loss deductions

Catastrophic events, such as hurricanes Harvey and Irma—or tornados, earthquakes, wildfires and the like—can severely damage your personal or business property. Small consolation: You may be entitled to deduct a casualty loss on your tax return.

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Posted in Individual Tax

Research Credit Can Offset a Small Business's Payroll Taxes

Posted by Melissa Motley, CPA on Oct 30, 2017

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill.

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Posted in Business Tax

Thorough Due Diligence Can Protect Your Acquisition From Fraud

Posted by Marty Williams, CPA on Oct 20, 2017

In today’s rough-and-tumble world of mergers and acquisitions (M&As), buyers need to get to know business sellers and their executives, test their representations about asset condition and financial performance, and screen for common fraud schemes. Here’s why.

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Posted in Business Advisory

Which Tax-advantaged Health Account Should Be Part Of Your Benefits Package?

Posted by Jessica L. Pagan, CPA on Oct 17, 2017

On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses. Also available are Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Which one should you include in your benefits package? Here’s a look at the similarities and differences:

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Posted in Business Advisory

How Charitable Giving Could Help Save On Your 2017 Tax Return

Posted by Trisha Williams, CPA on Oct 16, 2017

How to boost the impact of charitable gifts and save more on taxes.

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Posted in Individual Tax

Individual Taxpayers On Extension in 2017 Are Running Out of Time To File

Posted by Lesley L. Price, CPA on Oct 10, 2017

If you have not filed your taxes, you are quickly running out of time. The deadline for all individual taxpayers who filed for an extension is Monday, October 16, 2017, since October 15, falls on a weekend. You must file and pay any balance due next week.

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Posted in Individual Tax

Accelerate Your Retirement Savings With A Cash Balance Plan

Posted by Michael D. Machen, CPA, CVA on Oct 09, 2017

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan.

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Posted in Business Advisory

Pension Plans Aren't Yet A Relic Of The Past

Posted by Don G. Chastain, CPA on Oct 06, 2017

 

Only 20% of Fortune 500 companies are offering new employees pension plans, but plenty of workers and retirees still count on them for retirement income.

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Posted in Retirement & Wealth Management Planning

Timing Strategies Could Become More Powerful In 2017, Depending On What Happens With Tax Reform.

Posted by Nick Wheeler, CPA on Oct 04, 2017

Projecting your business income and expenses for this year and next can allow you to time when you recognize income and incur deductible expenses to your tax advantage. Typically, it’s better to defer tax. This might end up being especially true this year, if tax reform legislation is signed into law.

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Posted in Business Tax

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