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.

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Category: Tax

categories: Retirement // Tax

The Many Benefits of 401(k) Profit-Sharing Plans

If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a 401(K) profit-sharing plan. These plans allow you to make pre-tax deposits to your employees’ eligible retirement accounts after the […]

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categories: Tax

How Long Should You Keep Old Tax Records?

Article Highlights: The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies of previously filed returns This is a common question: How […]

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categories: Tax

The Treasury Green Book of Biden Proposed Tax Changes

Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or Death Family-Owned and -Operated Businesses 15-Year Fixed-Rate Payment Plan […]

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categories: COVID-19 Tax Insights // Tax

Child Tax Credit Interview- Park City TV

Squire CPA, Jill Ottley, joins Park City Television’s Christine Napier on Mountain Connections to discuss the Child Tax Credit.

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categories: Tax

Tax Issues Related to Renting Your Vacation Home

Article Highlights: If You Don’t Rent Your Property If You Rent Your Property Rented Fewer Than 15 Days Personal Use Is Less Than the Greater of 15 Days or 10% of the Rental Days Personal Use Exceeds the Greater of […]

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categories: Tax

tags: divorce // taxes

Taxes and Divorce

If you are recently divorced or are contemplating divorce, you will have to deal with or plan for significant tax issues such as asset division, alimony, and tax-return filing status. If you have children, additional issues include child support; claiming […]

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2021– the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

categories: Tax

tags: child tax credit // FSA // tax breaks

2021– the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

Article Highlights: Child and Dependent Care Credit Workers Can Set Aside More in a Dependent Care FSA Childless EITC Expanded Changes Expanding EITC for 2021 and Beyond Expanded Child Tax Credit Advance Child Tax Credit Payments This is an overview […]

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categories: IRS // Tax

Unpaid Debt Taking Your Tax Refund?

We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never arrived? It may be because you have unpaid debt—and not just tax-related debts. The Treasury Department’s Bureau of the Fiscal […]

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Advance Child Tax Credit Payments – Coming to a Bank Account or Mailbox Near You

categories: Tax

tags: child tax credit

Advance Child Tax Credit Payments – Coming to a Bank Account or Mailbox Near You

The child tax credit has long offered American families a needed tax break, but it’s never looked quite like this. Beginning July 15, American families will receive bank deposits or checks of up to $300 per child each month. While […]

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