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Senator Krysten Sinema (D-Ariz) announced late August 4 that she would support the Inflation Reduction Act, the Biden administration’s climate and healthcare bill, paving the way for passage of the bill on a party-line vote that would require a tie-breaking vote by Vice President Kamala Harris. Read more

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In what many see as an unexpected development, Senator Joe Manchin (D-W.VA.) on July 27 announced that he had reached an agreement with Senate Majority Leader Chuck Schumer (D-NY) on new legislation - the Inflation Reduction Act of 2022 - which is intended to address inflation by paying down the…

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The 2022 tax year is well underway, and year end will be here before you know it. Summer is a good time to take proactive steps to help reduce the current year's tax bill. Here are some federal tax-planning strategies to consider.

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Are you new to self-employment? Working for yourself doesn't mean you must forego tax-advantaged retirement savings. In addition to contributing to a traditional IRA, there are two basic retirement plan options that may make sense for self-employed individuals: Simplified Employee Pensions (SEPs)…

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One of the advantages of owning and operating your own business is the ability to hire family members to fill open positions. This can be a significant perk in today's tight labor market. Bringing on family members can have tax benefits for all involved, too, and offers an opportunity to start a…

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Companies routinely evaluate opportunities to reduce expenses. With the prices of gasoline, diesel fuel, natural gas and propane surging across the country, many organizations are currently focusing on lowering energy consumption. This process starts with an energy audit.

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Buying a house in today's overheated real estate market can be challenging — especially as mortgage rates are on the rise. But financially secure parents who are considering downsizing or relocating to greener pastures may want to consider transferring their homes to their adult children. Here are…

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In today's tight labor market, small businesses may need to think outside the box to find employees to fill open positions. In some cases, you may have to sweeten the deal with higher salaries or extra benefits. But you may be able to offset higher compensation costs with a lucrative federal tax…

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