Section 529 plans can be a wonderful tool when it comes to helping save money for a child’s future education. While 529’s are designed to help reduce taxes when saving for college, there can still be tax implications. Learn about it here.
A lot of changes are coming to the cryptocurrency market as the phenomenon matures. Many people may not be aware that they are responsible for paying taxes on cryptocurrency investments. Read on to learn more about cryptocurrency space.
While it’s no secret that many accounting firms are stretched to the limit during tax season, what is less known is that many of those same firms fall back on nonprofit accounting and auditing during their slow time. That’s a fact that always bothered Borland Benefield Shareholder Jeffrey Chandler. In fact, it bothered him so…
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The world has been through a lot over this past year and a half, thanks to the COVID-19 pandemic. The government moved to help the economy with PPP loans for businesses and the American Rescue Plan COVID relief bill. Even with that support and stimulus payments, families have been hit hard. According to Statista, 70%…
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Most people know the BBB as a complaint box for bad business experiences, but they offer a wide range of services for the community. From consumer best practices guidelines to warnings against scams and identity theft, the BBB offers a full suite of resources designed to protect the consumer when making any kind of purchase.
The more we have moved our lives online, the more identity theft has become a problem. In 2019, the Federal Trade Commission (FTC) reported that there were 3.3 million instances of reported identity theft and fraud in the US. You may think that number is shocking, but 2020 saw an unbelievable 45% increase in identity…
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It’s very likely that what you wanted to be when you were a kid, and what you ended up being are pretty different. You might have wanted to be an astronaut, a race car driver, a famous musician or a sports icon. Maybe you had absolutely no idea what you wanted to be. David Casas fell into the latter…
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The COVID-19 pandemic has been tough on every single facet of American business, especially those that rely on large gatherings. Museums, music venues, concert halls, and movie theaters have all been hit especially hard during the shutdowns. Many of us plan our weekends, vacations, and leisure time around events and activities that take place in…
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We are beyond pleased to announce the promotions of Clif Daniel to Shareholder and Bob Poole to Supervisor at Borland Benefield, P.C. Mr. Daniel graduated from Birmingham Southern and has over 14 years of experience in audit, tax, and accounting services Mr. Poole is a graduate of Auburn University and has over 7 years experience…
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Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a…
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