Authored by Haynie Partner Hal Rosen, CPA, Top 100 ProAdvisor QuickBooks 2022 Pro and Premier Adopt Subscription Pricing Intuit introduced their latest version of QuickBooks Pro and Premier 2022 versions in October 2021, and it is only being sold on…
View Charitable Giving Tax Planning Guide Giving to charity can provide not only large income tax deductions to help you do well financially but also the satisfaction of doing good. Well-planned gifts also can save estate tax while allowing you to…
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase in your state tax bill. During the pandemic, it’s been fairly common…
The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. For example, you can no longer deduct any of the cost of taking clients out for a round of golf,…
If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reducing your taxes and boosting your cash flow. Even if you’ve invested in real property in previous…
If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts. Oops, you overfunded your 529 plan Some might consider it a…
If a business engages independent contractors to address staffing needs, it needs to be careful that these workers are properly classified for federal tax purposes. This article reviews the general rules for distinguishing an independent contractor from an employee. Worker…
Haynie won the 2021 Salt Lake Tribune Top Workplaces award! Look for us in the Salt Lake Tribune. We also received this award in 202o. Haynie is a Top Workplace because of our amazing employees. We are proud of the…
ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This is an extra step to help prevent tax fraud. A significant amount of fraudulent return filings occur shortly after…
Authored by the IRS, September 24, 2021 WASHINGTON — Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales,…
