Are you holding a joint title to property with a family member or friend?
Owning assets jointly with one or more of your children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it may produce >>
Category: News
Plan ahead for the 3.8% Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be >>
Now that this year’s filing deadline has passed, the IRS has issued a reminder:
Now that this year’s filing deadline has passed, the IRS has issued a reminder: If you haven’t filed and you’re due a refund, there’s no penalty >>
The JCCS Client Portal: updated
Improving your online 24/7 access to all your account information and documents. Our goal here at JCCS is to provide each of our business and personal >>
Home sales: How to determine your “basis”
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine >>
Receivables may be a source of cash in tough times
Many companies are continuing to struggle financially during the COVID-19 pandemic. If cash is tight, what can your business do to shorten its cash cycle? The >>
Liabilities for unused time off mount as pandemic lingers
During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has >>
Why it’s important to meet the tax return filing and payment deadlines
The May 17 deadline for filing your 2020 individual tax return is coming up. It’s important to file and pay your tax return on time to >>
Protect your organization’s fragile tax-exempt status
One of the most important differences between not-for-profits and for-profit businesses is that nonprofits are tax-exempt. But your tax-exempt status is fragile and can be revoked >>
Business Deductions
A recent tax law provides a 100% business deduction (up from 50%) for food and beverage expenses in 2021 and 2022 as long as they’re “provided >>
