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

Tax Tips for Recently Married Taxpayers
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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 […]
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Writing Off Your Business Start-Up Expenses
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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 […]
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Summer Employment For Your Child
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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 […]
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Foreign Income and Tax Reporting Issues
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Foreign Income and Tax Reporting Issues

Article Highlights: Non-Resident Alien Spouse Foreign Rentals Foreign Pensions Foreign Income Exclusion FBAR Statement of Specified Foreign Financial Assets Credit of Foreign Tax Paid Canadian Registered Retirement Savings & Income Plans Reporting Receipt of Foreign Gifts or Bequests Reporting Ownership […]
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Inheritances Enjoy a Special Tax Benefit
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Inheritances Enjoy a Special Tax Benefit

You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property. When an individual sells property, […]
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You May Need to File Estimated Tax Payments
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You May Need to File Estimated Tax Payments

Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability, and if used properly, can protect a taxpayer from underpayment penalties. Employees who will […]
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