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Audra Wilson Russell
Jan 18, 20232 min read
Don't Run Afoul of the IRS's Nanny Tax
The IRS is more strictly enforcing rules that determine whether a worker is actually your employee, rather than an independent...
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Audra Wilson Russell
Jan 18, 20232 min read
Should You Expense or Depreciate Your Capital Asset?
If you own a business, you know that you may accelerate the expensing of qualified capital purchases. This can be done within two special...
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Audra Wilson Russell
Jan 18, 20232 min read
5 Year-End Tax Essentials
Before 2022 comes to a close, take some time to review these essential items to ensure you are not missing something that could cause tax...
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Audra Wilson Russell
Jan 18, 20232 min read
Consider Donating Appreciated Stock & Mutual Funds
One way to reduce your tax bill this year is to donate appreciated stock to a charity of your choice versus making a cash donation. While...
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Audra Wilson Russell
Jan 18, 20232 min read
Fund Your Retirement or Your Child's College?
Towards the end of the year, many are undergoing an annual review of their retirement funds. It certainly was a tough year and one of the...
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Audra Wilson Russell
Jan 18, 20232 min read
Taxes and Uncollectible DebtTax ramifications can be good or BAD!
There are few things as frustrating as not being paid what is owed to you. If it becomes clear the debt is not going to be paid, you...
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Audra Wilson Russell
Jan 18, 20232 min read
Social Security Planning Starts NowEven those in their 20s should review this tip!
Although you won’t become eligible for Social Security until your 60s, there’s a lot you can do to prepare before then. Here’s a rundown...
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Audra Wilson Russell
Jan 18, 20231 min read
Here They Go Again...Late-breaking IRS change
In a last minute about face, the IRS is rolling back the requirement for third-party payment providers to issue 1099-Ks for anyone...
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Audra Wilson Russell
Jan 18, 20231 min read
Reminder: Fourth Quarter Estimated Taxes Now DueNow is the time to make your estimated tax payment
If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form...
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Audra Wilson Russell
Jan 17, 20232 min read
Late Breaking Tax Law ChangesWhat you need to know
In what is becoming a terrible habit, Congress and the IRS are once again making last-minute announcements and changes. Here is what you...
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Audra Wilson Russell
Jan 17, 20232 min read
The $24,000 Tax Time BombLessons for all of us
What follows is a true story. A story with a sad ending. But one that has a lesson for everyone. Stick with the story, as there's a high...
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Audra Wilson Russell
Jan 17, 20232 min read
Tax Court Corner
Here’s a roundup of several recent tax court cases and what they mean for you. Locked Out of Home Sale Exclusion (Webert, TC Memo...
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Audra Wilson Russell
Jan 17, 20232 min read
Gone Phishing
The upcoming tax season is a prime opportunity for identity thieves who target your personal information through phishing scams. Here is...
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Audra Wilson Russell
Jan 17, 20232 min read
3 Reasons to Consider a Living Trust for Your Assets
Legal instructions are important to leave behind in the event of your death. For most people that means having a will, but some people...
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Audra Wilson Russell
Jan 17, 20232 min read
Don't Lose Your Charitable Contribution Tax Deduction!
Here's a handy checklist to make sure your donations comply with IRS rules Donations are a great way to give to a deserving charity, and...
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Audra Wilson Russell
Jan 17, 20232 min read
Improve Your Tax Forecast Accuracy with These Tips
With ever-changing tax laws, knowing how much money to include in your quarterly estimated tax payments can be extremely challenging. To...
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Audra Wilson Russell
Jan 17, 20232 min read
Pull Your Property Taxes Back Down to Earth
Higher property tax bills have accompanied the rising market values of homes over the past several years. If your property taxes have...
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Audra Wilson Russell
Jan 17, 20232 min read
What's New in 2022
Here are some key changes to the tax code for 2022. Use this information to help understand your 2022 tax obligations and how it may...
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Audra Wilson Russell
Jan 17, 20232 min read
Year-End Tax Planning Tips for Your Business
As 2022 winds down, here are some ideas to help you prepare for filing your upcoming tax return and help manage your business....
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Audra Wilson Russell
Jan 17, 20232 min read
Tax Checklist for Business Startups
Starting your own business can be equal parts thrilling and intimidating. You can get started with this checklist of items you’ll need to...
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