Whalen CPAs: Firm News

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The long-term capital gains rate is 0% for gains that would be taxed at 10% or 15% based on the

Each year, employers must determine the value of fringe benefits that they provide to their employees. One common fringe benefit

Typically, it’s better to defer tax. Here are two timing strategies that can help businesses do this: Defer income to

A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer — and

If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger

Are you planning to make charitable donations before year end? Do you own appreciated stock that you’d like to sell,

For assets with a useful life of more than one year, businesses generally must depreciate the cost over a period

Watch out for the wash sale rule

If you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those

If you’re an executive or other key employee, you might be compensated with more than just salary, fringe benefits and

You can be subject to penalties if you don’t pay enough tax during the year through estimated tax payments and

If you’re a “large” employer, time is running out to prepare for the Affordable Care Act’s (ACA’s) shared responsibility provision,

With summer drawing to a close, if you own a vacation home that you both rent out and use personally,