dbc-llp.com RSS Feed https://dbc-llp.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children https://www.dbc-llp.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#3 Small Business Tax Roundup https://www.dbc-llp.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#4 Renting Out a Second Home https://www.dbc-llp.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.dbc-llp.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.dbc-llp.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#1 What's New for 2020 Tax Returns https://www.dbc-llp.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#2 Taxable vs. Nontaxable Income https://www.dbc-llp.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#5 Tax Filing Season Starts February 12 https://www.dbc-llp.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts https://www.dbc-llp.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers https://www.dbc-llp.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 https://www.dbc-llp.com/newsletter.php#3 Janice A. Guthrie, CPA Retirement https://www.dbc-llp.com/blog.php?id=31 Mon, 19 Oct 2020 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=31 The SBA Paycheck Protection Program https://www.dbc-llp.com/blog.php?id=30 Thu, 09 Apr 2020 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=30 2 valuable year-end tax-saving tools for your business https://www.dbc-llp.com/blog.php?id=29 Fri, 20 Dec 2019 09:00:00 -0600 https://www.dbc-llp.com/blog.php?id=29 3 last-minute tips that may help trim your tax bill https://www.dbc-llp.com/blog.php?id=28 Fri, 06 Dec 2019 09:00:00 -0600 https://www.dbc-llp.com/blog.php?id=28 4 negative outcomes of jointly owning property with a family member https://www.dbc-llp.com/blog.php?id=27 Mon, 21 Oct 2019 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=27 Put a number on your midyear performance with the right KPIs https://www.dbc-llp.com/blog.php?id=26 Fri, 26 Jul 2019 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=26 It's a good time to buy business equipment and other depreciable property https://www.dbc-llp.com/blog.php?id=25 Fri, 19 Jul 2019 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=25 Is an HSA right for you? https://www.dbc-llp.com/blog.php?id=24 Fri, 28 Jun 2019 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=24 Fraud du jour: Social Security phone scams https://www.dbc-llp.com/blog.php?id=23 Thu, 06 Jun 2019 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=23 Review and revise your estate plan to reflect life changes during the past year https://www.dbc-llp.com/blog.php?id=22 Thu, 08 Nov 2018 09:00:00 -0600 https://www.dbc-llp.com/blog.php?id=22 Business deductions for meal, vehicle and travel expenses: Document, document, document https://www.dbc-llp.com/blog.php?id=21 Fri, 05 Oct 2018 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=21 Do you know the ABC\'s of HSA\'s, FSA\'s and HRA\'s? https://www.dbc-llp.com/blog.php?id=20 Fri, 31 Aug 2018 09:00:00 -0500 https://www.dbc-llp.com/blog.php?id=20 A midyear review should go beyond financials https://www.dbc-llp.com/blog.php?id=18 Fri, 20 Jul 2018 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=18 Can you trust your business's bookkeeper? https://www.dbc-llp.com/blog.php?id=17 Wed, 27 Jun 2018 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=17 Illinois Invest in Kids Act https://www.dbc-llp.com/blog.php?id=16 Fri, 08 Jun 2018 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=16 If charitable giving is part of your estate plan, consider a donor-advised fund https://www.dbc-llp.com/blog.php?id=15 Tue, 29 May 2018 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=15 New tax law gives pass-through businesses a valuable deduction https://www.dbc-llp.com/blog.php?id=14 Tue, 23 Jan 2018 03:00:00 -0600 https://www.dbc-llp.com/blog.php?id=14 Individual Tax Planning for 2017 Tax Reform https://www.dbc-llp.com/blog.php?id=13 Fri, 22 Dec 2017 03:00:00 -0600 https://www.dbc-llp.com/blog.php?id=13 Accrual-basis taxpayers: These year-end tips could save you tax https://www.dbc-llp.com/blog.php?id=12 Fri, 01 Dec 2017 03:00:00 -0600 https://www.dbc-llp.com/blog.php?id=12 Festival of Trees https://www.dbc-llp.com/blog.php?id=10 Fri, 17 Nov 2017 03:00:00 -0600 https://www.dbc-llp.com/blog.php?id=10 How some spouses attempt to hide income and assets during divorce https://www.dbc-llp.com/blog.php?id=5 Fri, 27 Oct 2017 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=5 Have you properly funded your revocable trust? https://www.dbc-llp.com/blog.php?id=4 Thu, 19 Oct 2017 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=4 Valuation often affects succession plans in hard-to-see ways https://www.dbc-llp.com/blog.php?id=3 Wed, 18 Oct 2017 04:00:00 -0500 https://www.dbc-llp.com/blog.php?id=3