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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Tag: Tax

Tax Consequences of Crowdfunding

Tax Consequences of Crowdfunding

Article Highlights: Crowdfunding Sites Gifts Charitable Gifts Business Ventures SEC Registration Crowdfunding Scams Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. Several sites host money-raising projects for fees generally ranging from 5 to […]
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October Extended Due Date Just Around the Corner

October Extended Due Date Just Around the Corner

Article Highlights: October 15 is the extended due date for filing federal individual tax returns for 2020. Late-filing penalty Interest on tax due Other October 15 deadlines The normal April 15, 2021 filing deadline for 2020 individual tax returns was […]
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You Can Expense Business IT Purchases

You Can Expense Business IT Purchases

Article Highlights: Depreciation Material & Supply Expensing De Minimis Safe Harbor Expensing Routine Maintenance Bonus Depreciation Section 179 Expensing Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment, including information technology (IT) equipment, many […]
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Trusts in a Nutshell

Trusts in a Nutshell

By Lincoln Flemming, CPA & CFP, LincolnF@squire.com  We all hear about trusts from time to time, but what is a trust, and how does a trust work?  Are trusts only for the wealthy or can they also be appropriate for […]
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