Tax Department's articles on BeachFleischman CPAs

Can you deduct charitable gifts on your tax return?

January 22, 2020 Tax Department Tax Bites charitable deductions, charitable giving, tax deductions, TCJA

You may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.

Help protect your personal information by filing your 2019 tax return early

January 14, 2020 Tax Department Tax Bites filing early, tax identity theft

Be an early-bird tax return filer this year. It may protect you from tax identity theft. Here’s why.

4 new law changes that may affect your retirement plan

January 8, 2020 Tax Department Tax Bites IRA, IRA contributions, retirement plans, SECURE Act

A new law might provide you with tax-saving opportunities related to your IRA or retirement plan.

New law provides a variety of tax breaks to businesses and employers

December 31, 2019 Tax Department Tax Bites ACA, employers, family and medical leave, FCAA, tax relief, WOTC

Good news for businesses and employers: A new law provides federal tax relief. Here are five highlights.

Congress gives a holiday gift in the form of favorable tax provisions

December 30, 2019 Tax Department Tax Bites 401k, college costs, FCAA, IRA contributions, medical expense deduction, tax provisions, tax savings

Just in time for the holidays: A new law has been passed that may provide tax savings to you.

Adopting a child? Bring home tax savings with your bundle of joy

December 11, 2019 Tax Department Tax Bites adoption, tax breaks

If you’re adopting a child, it is one of the happiest experiences of your life. There also may be substantial tax breaks available to offset the costs.

Holiday parties and gifts can help show your appreciation and provide tax breaks

December 4, 2019 Tax Department Tax Bites client gifts, customer gifts, employee gifts, holiday parties, tax implications

Are you giving holiday gifts to employees or customers? Or is your business throwing a holiday party? Make sure you understand the tax implications.

Medical expenses: What it takes to qualify for a tax deduction

November 27, 2019 Tax Department Tax Bites bunching medical expenses, deductible medical expenses, dental expenses, medical expenses

You may wonder if you can get a tax break for medical and dental expenses, as well as prescription drugs. Here’s what it takes and how you might be able to benefit by moving certain expenses into 2019.

What is your taxpayer filing status?

November 20, 2019 November 19, 2019 Tax Department Tax Bites tax filing status, taxes

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether you’re married or unmarried on December[ … ]

Small businesses: Stay clear of a severe payroll tax penalty

November 6, 2019 November 5, 2019 Tax Department Tax Bites payroll, payroll tax, payroll tax withholding

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on time. If you willfully fail to do so, you could personally be hit with the[ … ]