Due Diligence Considerations When Selling a Business
Selling a business is a major undertaking. Reconciling your legal, financial, and tax goals requires specialized expertise and finesse. Learn about the ins and outs of this important process.
tax accounting
Turning Negatives into Positives: Tips on Tax Loss Harvesting
The recent downturn in the stock market brings tax-loss harvesting into play. Read our latest blog to how to turn the negatives to your advantage.
Stimulus Payments (EIP) and Advanced Child Tax Credit (ACTC) Information Needed When Filing Your Tax Returns
Make sure you have your Advance Child Tax Credit letter (Letter 6419) and/or Economic Impact Payment letter (Letter 6475) on hand when preparing your returns. The IRS began mailing information letters to ACTC and EIP recipients in January.
Important Tax Figures for 2022
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2022, compared with 2021.
1099 Tax Forms Are Coming to Crypto
The Infrastructure Investment and Jobs Act of 2021 (IIJA) introduces more concrete rules on how we all report our cryptocurrency dealings, but many people are still confused. We streamlined all of the IIJA’s major points into this easy-to-digest article.
Engaging, Inspiring, and Leading Women. The Junior League of Birmingham.
Community outreach is a core value of Borland Benefield. Learn how our colleague, Terri Lynn Wallace helps make Birmingham a better place by volunteering with the Junior League of Birmingham.
The Tax Implications of Taking 529 College Savings Plan Withdrawals
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.
The Basics of the Advance Child Tax Credit
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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