Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

Expert Perspectives

Squire provides complete and personalized accounting solutions to meet your individual needs.

tags:

Category: Tax

Take Tax Advantage of a Low-Income Year

Take Tax Advantage of a Low-Income Year

Article Highlights: Exercise Stock Options Convert a Traditional IRA to a Roth IRA Maximize IRA Distributions Sell Appreciated Stock Delay Business Expenditures Release Dependency Delay Personal Deductible Expenditures People generally assume that tax planning only applies to individuals with the […]
View Post >
Not All Interest Is Deductible For Taxes

Not All Interest Is Deductible For Taxes

Article Highlights:  Interest Categories  Category Deductibility  Interest Tracing Rules A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question, and unfortunately not all interest an individual […]
View Post >
Ways to Maximize Business Deductions

Ways to Maximize Business Deductions

As a small business owner, you should always be on the lookout for legitimate ways to minimize your taxes. Waiting for year-end to do your tax planning can be too late and you may miss many possible opportunities. The following […]
View Post >
Tax Tips for Recently Married Taxpayers

Tax Tips for Recently Married Taxpayers

This is the time of year for many couples to tie the knot. When you marry, here are some post-marriage tips to help you avoid stress at tax time. Notify the Social Security Administration − Report any name change to the […]
View Post >
Writing Off Your Business Start-Up Expenses

Writing Off Your Business Start-Up Expenses

Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. However, new businesses will be opening as the economy returns to near normal. New business owners, especially those operating small businesses, may be helped […]
View Post >
Summer Employment For Your Child

Summer Employment For Your Child

Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021 to $12,950 in 2022, meaning your child can now make up to $12,950 from working […]
View Post >