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Does your business have employees who get tips? You may qualify for a tax credit
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax...
ConnollySteele
Jan 18, 20242 min read


Defer a current tax bill with a like-kind exchange
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on...
ConnollySteele
Jan 2, 20243 min read


It’s possible (but not easy) to claim a medical expense tax deduction
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost you. Can you deduct your...
ConnollySteele
Jan 2, 20243 min read


Don’t overlook taxes when contemplating a move to another state
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be...
ConnollySteele
Jan 2, 20243 min read


The standard business mileage rate will be going up slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by...
ConnollySteele
Dec 22, 20232 min read


Court awards and out-of-court settlements may (or may not) be taxed
Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive...
ConnollySteele
Dec 22, 20233 min read


2024 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind...
ConnollySteele
Dec 22, 20232 min read
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