grahamandassociates.net RSS Feed https://grahamandassociates.net/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 01 Sep 2021 09:00:00 -0500 Wed, 01 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? https://www.grahamandassociates.net/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.grahamandassociates.net/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.grahamandassociates.net/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.grahamandassociates.net/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#1 Six Things To Know Before You Start a Business https://www.grahamandassociates.net/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#3 Which Educator Expenses Are Tax Deductible? https://www.grahamandassociates.net/newsletter.php#4 Teachers and other educators should remember that they can deduct certain unreimbursed expenses such as classroom supplies, training, and travel on their tax returns to reduce the amount of tax owed. Sun, 01 Aug 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#4 Retirement Plan Options for Small Businesses https://www.grahamandassociates.net/newsletter.php#5 Employer-sponsored retirement plans are a key component of retirement savings. If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Sun, 01 Aug 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#5 Opting Out of the Monthly Child Tax Credit Payment https://www.grahamandassociates.net/newsletter.php#2 While many families will benefit from the extra money deposited into their bank accounts, some may want to opt out and instead take the Child Tax Credit when they file their tax return next spring. Sun, 01 Aug 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#2 Minimizing Capital Gains Tax on Sale of a Home https://www.grahamandassociates.net/newsletter.php#3 Learn how to avoid capital gains tax and why home improvements that qualify for the residential energy property credit can make a difference when selling your home. Sun, 01 Aug 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#3 Key Tax Changes Could Affect Your Tax Situation in 2021 https://www.grahamandassociates.net/newsletter.php#1 Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know. Sun, 01 Aug 2021 09:00:00 -0500 https://www.grahamandassociates.net/newsletter.php#1 Small businesses: Stay clear of a severe payroll tax penalty` https://www.grahamandassociates.net/blog.php?id=48 Small businesses: Stay clear of a severe payroll tax penalty Mon, 04 Nov 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=48 Watch out for tax-related scams https://www.grahamandassociates.net/blog.php?id=47 Watch out for tax-related scams Wed, 30 Oct 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=47 Use a Coverdell ESA to help pay college, elementary and secondary school costs https://www.grahamandassociates.net/blog.php?id=46 Use a Coverdell ESA to help pay college, elementary and secondary school costs Wed, 30 Oct 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=46 Thinking about converting from a C corporation to an S corporation? https://www.grahamandassociates.net/blog.php?id=43 Thinking about converting from a C corporation to an S corporation? Wed, 30 Oct 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=43 Selling securities by year end? Avoid the wash sale rule https://www.grahamandassociates.net/blog.php?id=44 Selling securities by year end? Avoid the wash sale rule Wed, 30 Oct 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=44 Accelerate depreciation deductions with a cost segregation study https://www.grahamandassociates.net/blog.php?id=45 Accelerate depreciation deductions with a cost segregation study Wed, 30 Oct 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=45 You may have to pay tax on Social Security benefits https://www.grahamandassociates.net/blog.php?id=42 You may have to pay tax on Social Security benefits Thu, 11 Jul 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=42 Is an HSA right for you? https://www.grahamandassociates.net/blog.php?id=40 Is an HSA right for you? Thu, 11 Jul 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=40 If your kids are off to day camp, you may be eligible for a tax break https://www.grahamandassociates.net/blog.php?id=41 If your kids are off to day camp, you may be eligible for a tax break Thu, 11 Jul 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=41 2019 Q3 tax calendar: Key deadlines for businesses and other employers https://www.grahamandassociates.net/blog.php?id=39 2019 Q3 tax calendar: Key deadlines for businesses and other employers Thu, 11 Jul 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=39 The chances of IRS audit are down but you should still be prepared https://www.grahamandassociates.net/blog.php?id=36 The chances of IRS audit are down but you should still be prepared Tue, 11 Jun 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=36 Tax-smart domestic travel: Combining business with pleasure https://www.grahamandassociates.net/blog.php?id=35 Tax-smart domestic travel: Combining business with pleasure Tue, 11 Jun 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=35 Hiring this summer? You may qualify for a valuable tax credit https://www.grahamandassociates.net/blog.php?id=38 Hiring this summer? You may qualify for a valuable tax credit Tue, 11 Jun 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=38 Employers: Be aware (or beware) of a harsh payroll tax penalty https://www.grahamandassociates.net/blog.php?id=37 Employers: Be aware (or beware) of a harsh payroll tax penalty Tue, 11 Jun 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=37 What type of expenses can't be written off by your business? https://www.grahamandassociates.net/blog.php?id=30 What type of expenses can't be written off by your business? Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=30 Selling your home? Consider these tax implications https://www.grahamandassociates.net/blog.php?id=32 Selling your home? Consider these tax implications Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=32 It's a good time to check your withholding and make changes, if necessary https://www.grahamandassociates.net/blog.php?id=34 It's a good time to check your withholding and make changes, if necessary Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=34 Hire your children this summer: Everyone wins https://www.grahamandassociates.net/blog.php?id=33 Hire your children this summer: Everyone wins Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=33 Employee vs. independent contractor: How should you handle worker classification? https://www.grahamandassociates.net/blog.php?id=29 Employee vs. independent contractor: How should you handle worker classification? Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=29 Check on your refund and and find out why the IRS might not send it https://www.grahamandassociates.net/blog.php?id=31 Check on your refund and and find out why the IRS might not send it Fri, 24 May 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=31 Three questions you may have after you file your return https://www.grahamandassociates.net/blog.php?id=25 Three questions you may have after you file your return Tue, 23 Apr 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=25 How entrepreneurs must treat expenses on their tax returns https://www.grahamandassociates.net/blog.php?id=27 How entrepreneurs must treat expenses on their tax returns Tue, 23 Apr 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=27 Deducting business meal expenses under today's tax rules https://www.grahamandassociates.net/blog.php?id=26 Deducting business meal expenses under today's tax rules Tue, 23 Apr 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=26 Casualty loss deductions: You can claim one only for a federally declared disaster https://www.grahamandassociates.net/blog.php?id=28 Casualty loss deductions: You can claim one only for a federally declared disaster Tue, 23 Apr 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=28 Still working after age 70½? You may not have to begin 401(k) withdrawals https://www.grahamandassociates.net/blog.php?id=23 Still working after age 70½? You may not have to begin 401(k) withdrawals Tue, 26 Mar 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=23 2019 Q2 tax calendar: Key deadlines for businesses and other employers https://www.grahamandassociates.net/blog.php?id=24 2019 Q2 tax calendar: Key deadlines for businesses and other employers Tue, 26 Mar 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=24 Will leasing equipment or buying it be more tax efficient for your business? https://www.grahamandassociates.net/blog.php?id=22 Will leasing equipment or buying it be more tax efficient for your business? Wed, 20 Mar 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=22 Vehicle-expense deduction ins and outs for individual taxpayers https://www.grahamandassociates.net/blog.php?id=21 Vehicle-expense deduction ins and outs for individual taxpayers Wed, 20 Mar 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=21 Stretch your college studentâ??s spending money with the dependent tax credit https://www.grahamandassociates.net/blog.php?id=20 Stretch your college studentâ??s spending money with the dependent tax credit Wed, 20 Mar 2019 09:00:00 -0500 https://www.grahamandassociates.net/blog.php?id=20 The home office deduction: Actual expenses vs. the simplified method https://www.grahamandassociates.net/blog.php?id=19 The home office deduction: Actual expenses vs. the simplified method Tue, 19 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=19 Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return https://www.grahamandassociates.net/blog.php?id=18 Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return Tue, 19 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=18 3 big TCJA changes affecting 2018 individual tax returns and beyond https://www.grahamandassociates.net/blog.php?id=17 3 big TCJA changes affecting 2018 individual tax returns and beyond Tue, 12 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=17 When are LLC members subject to self-employment tax? https://www.grahamandassociates.net/blog.php?id=16 When are LLC members subject to self-employment tax? Mon, 11 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=16 Why you shouldn't wait to file your 2018 income tax return https://www.grahamandassociates.net/blog.php?id=13 Why you shouldn't wait to file your 2018 income tax return Fri, 08 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=13 Fundamental tax truths for C corporations https://www.grahamandassociates.net/blog.php?id=14 Fundamental tax truths for C corporations Fri, 08 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=14 Financial statements tell your business's story, inside and out https://www.grahamandassociates.net/blog.php?id=15 Financial statements tell your business's story, inside and out Fri, 08 Feb 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=15 Many tax-related limits affecting businesses increase for 2019 https://www.grahamandassociates.net/blog.php?id=12 Many tax-related limits affecting businesses increase for 2019 Thu, 31 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=12 What will your marginal income tax rate be? https://www.grahamandassociates.net/blog.php?id=10 What will your marginal income tax rate be? Thu, 17 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=10 Higher mileage rate may mean larger tax deductions for business miles in 2019 https://www.grahamandassociates.net/blog.php?id=11 Higher mileage rate may mean larger tax deductions for business miles in 2019 Thu, 17 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=11 2 Major Tax Law Changes for Individuals in 2019 https://www.grahamandassociates.net/blog.php?id=9 2 Major Tax Law Changes for Individuals in 2019 Fri, 11 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=9 TCJA provisions impacting individual taxpayers https://www.grahamandassociates.net/blog.php?id=8 A review of significant TCJA provisions impacting individual taxpayers Wed, 02 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=8 Major Tax Law Changes for Small- Businesses https://www.grahamandassociates.net/blog.php?id=7 A refresher on major tax law changes for small-business owners Wed, 02 Jan 2019 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=7 6 last-minute tax moves for your business https://www.grahamandassociates.net/blog.php?id=6 6 last minute tax moves for your business Mon, 17 Dec 2018 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=6 Tax Reform Expands Availability of Cash Accounting https://www.grahamandassociates.net/blog.php?id=3 Tax Reform Expands Availability of Cash Accounting Mon, 10 Dec 2018 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=3 Catch-up Retirement https://www.grahamandassociates.net/blog.php?id=4 Catch-up retirement plan contributions can be particularly advantageous post-TCJA Mon, 10 Dec 2018 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=4 529 Plans Tax Advantages https://www.grahamandassociates.net/blog.php?id=2 529 plans offer two tax-advantaged education funding options Mon, 10 Dec 2018 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=2 2019 Q1 Tax Calendar https://www.grahamandassociates.net/blog.php?id=5 2019 Q1 tax calendar: Key deadlines for businesses and other employers Mon, 10 Dec 2018 09:00:00 -0600 https://www.grahamandassociates.net/blog.php?id=5