Divorcing couples should understand these 4 tax issues

October 28, 2020 Tax Department Tax Bites divorce, marital status, tax liability

Getting a divorce can be distressing. You don’t want to make matters worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the midst of getting a divorce.

Buying and selling mutual fund shares: Avoid these tax pitfalls

October 21, 2020 October 22, 2020 Tax Department Tax Bites buy mutual funds, mutual funds, sell mutual funds, tax implications

Planning to buy or sell mutual fund shares? Here are some tax hazards to avoid.

Josephine Giordano to speak at the National Cannabis Business Symposium

October 8, 2020 October 12, 2020 Eric Majchrzak Financial Forensics & Valuation ascpa, COVID-19, speaking engagements

Josephine Giordano, a Director in BeachFleischman’s Financial Forensics and Business Valuation Services Group, will be giving two presentations at the National Cannabis Business Symposium on October 26-27. She will present on the topics of “Dealing with Disruption After COVID-19” and an “Arizona Update: Growth on the Horizon.” Ms. Giordano is the Chairperson of the Arizona[ … ]

The easiest way to survive an IRS audit is to get ready in advance

October 7, 2020 October 12, 2020 Tax Department Tax Bites IRS, IRS audit

Getting a letter from the IRS that your tax return is being audited may strike fear into the hearts of business owners. But the more you know about IRS audits, the better you can fare.

Why it’s important to plan for income taxes as part of your estate plan

September 30, 2020 October 12, 2020 Tax Department Estates & Trusts, Tax Bites estate planning, estate tax exemption

With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.

Health and Human Services Provider Relief Fund – Big Reveal on Reporting Requirements

September 24, 2020 October 12, 2020 Lyuda Eisenman Healthcare CARES, HHS, Post-Payment Provider Relief Fund, reporting requirements

Health and Human Services (HHS) just published long-awaited guidance regarding the reporting requirements related to General and Targeted Distribution of Provider Relief Funds.

Tax implications of working from home and collecting unemployment

September 16, 2020 October 12, 2020 Tax Department COVID-19, Tax Bites CARES, COVID-19, deductible expenses, unemployment, working from home

Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.

M&A: Considerations for PPP Loans

September 11, 2020 September 19, 2020 CariAnn Todd COVID-19 acquisitions, COVID-19, ERTC, mergers, PPP, PPP Loans, SBA

Do you have a business that received a PPP loan and now you are considering a change in ownership, like a sale, purchase of a competitor or even adding a new partner? There are several different things that need to be considered before any transaction in order to preserve your ability to get PPP loan forgiveness. Here are the questions you should be asking before you sign on the dotted line.

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