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

Start Off on the Right Foot for the 2023 Tax Year

Start Off on the Right Foot for the 2023 Tax Year

Article Highlights: W-4 Updates W-9 Collection Estimated Tax Payments Charitable Contributions Required Minimum Distributions Gifting Retirement-Plan Contributions Beneficiaries Reasonable Compensation Business-Vehicle Mileage College-Tuition Plans Individuals and small businesses should consider various ways of starting off on the right foot for […]
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Common Family Tax Mistakes

Common Family Tax Mistakes

When it comes to transactions between family members, the tax laws are frequently overlooked. The following are some commonly encountered situations and the tax ramifications associated with each. Renting to a Relative – When a taxpayer rents a home to a […]
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Looking Ahead to 2023 Taxes

Looking Ahead to 2023 Taxes

With the holiday celebrations coming to an end, now is the time to take a look at the changes that will impact your 2023 tax return when you file it in 2024. Keeping up with the constantly changing tax laws […]
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Year-End Gift Giving with Tax Benefits

Year-End Gift Giving with Tax Benefits

Article Highlights: Watch Out for Holiday Gift Scams Gifts with Tax Benefits Gift of College Tuition Qualified Tuition Programs Qualified Charitable Distribution Donor-Advised Funds Work Equipment Employee Gifts Monetary Gifts to Individuals Documentation Timing The holiday season is customarily a […]
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Year-End Tax Planning Issues

Year-End Tax Planning Issues

Article Highlights: Benefits Sunsetting After 2021 Benefits Sunsetting After 2022 Not Needing to File May Be an Opportunity Maximize Education Tax Credits Employer Health Flexible Spending Accounts Maximize Health Savings Account Contributions Roth IRA Conversions Avoid Required Minimum Distribution (RMD) […]
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Health Savings Accounts Fill Multiple Tax Needs

Health Savings Accounts Fill Multiple Tax Needs

The Health Savings Account (HSA) is one of the most misunderstood and underused benefits in the Internal Revenue Code. Congress created HSAs as a way for individuals with high-deductible health plans (HDHPs) to save for medical expenses that are not […]
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Mid-Year Tax Planning Checklist

Mid-Year Tax Planning Checklist

Article Highlights: Mid-Year Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or […]
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