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: Professional Services Industry // Tax

Home Office Tax Deductions During COVID-19

By Christine Hannemann, CPA, Christineh@squire.com COVID-19 has impacted many aspects of daily life. On a personal level wearing masks, social distancing, Zoom weddings or rediscovering the concept of a “staycation” has made 2020 a year to remember. Changes have impacted […]

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categories: Retirement // Tax

Action Required by August 31, 2020 to Roll Over Unneeded Retirement Distributions

By Jim R. Beaudoin, Tax Partner, CPA, PFS, CFP Generally, owners of retirement accounts (typically IRA’s, 401k’s, and 403b’s) are required to start taking withdrawals from their accounts when they reach 70 ½ years of age. The required minimum distribution […]

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categories: COVID-19 // COVID-19 Tax Insights // Tax

The July 15th Deadline Is Fast Approaching, and It Isn’t Just for the 2019 Individual Tax Return

Article Highlights: Extensions Contributions to IRAs Estimated Tax Payments for the First Two Quarters of 2020 Individual Refund Claims for the 2016 Tax Year Foreign Account Reporting Requirements Due to the COVID-19 emergency, the IRS provided taxpayers with an automatic […]

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categories: blog // Tax

Top 5 Sales Tax Considerations for e-Commerce Businesses

By Shara Sumnall, sharas@squire.com 1. Wayfair and economic nexus thresholds Summer 2018 saw a drastic shift in the sales and use tax landscape due to the landmark South Dakota v. Wayfair Supreme Court ruling. In a 5-4 decision, the Court […]

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categories: blog // Tax

Year-End Tax Planning for 2019

As 2019 comes to a close, there are several year-end tax tips businesses and individuals should consider before the calendar turns. Spending a little time tax planning with a CPA to discover the best fit for your needs could result […]

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categories: QuickBooks Desktop // QuickBooks How-to's // Tax

tags: how-tos // quickbooks // sales tax

Setting up Sales Tax in QuickBooks, Part 2

Now that you’ve set up your sales taxes in QuickBooks, you’ll be able to use sales tax in transactions and reports. Last month, we talked about the process of setting up sales taxes in QuickBooks. (If you haven’t read […]

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categories: blog // Tax

Three Things You Need to Know About the Wayfair Ruling

The overturn of 1992’s Quill ruling has sparked many questions as to how companies that have a multi-state presence move forward with the taxing of their out-of-state sales. This new Wayfair ruling affects businesses throughout various industries, even beyond […]

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categories: Other // Tax

tags: Avalara // quickbooks enterprise // sales tax

Making Sales Tax Easy with Avalara

Figuring out sales tax for your business can be frustrating. The massive changes in sales tax law caused by the South Dakota v. Wayfair ruling earlier this year have only complicated it more. Thankfully, Squire and Avalara are keeping on […]

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categories: Tax

tags: dependent

Who Can You Claim as a Dependent on Your Tax Return?

In the eyes of the IRS, “dependent” can mean much more than a biological child who lives with you. Numerous individuals may depend on you for financial support. You might be sending money to a niece to help her through […]

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