TAXPAYER RESOURCES

With tax laws changing every year, completing your returns can be confusing and frustrating.

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Tax news and updates for individuals, families, and entrepreneurs

Our team of tax experts has the solutions to make your next filing a little easier — and that insight is just a click away. Browse our archive of tax-related posts below, and click the button to sign up for our newsletter and updates.

Maximize potential tax benefits of the research credit

Mar 5, 2024

Even if your startup business has little or no income tax liability, you may be eligible for a payroll tax credit election for increasing research activities. This tax break got better under the Inflation Reduction Act.

5 key tax considerations for industrial M&A deals

Feb 27, 2024

As the manufacturing landscape continues to evolve and globalization continues to shift, many industrial businesses are assessing how mergers and acquisitions (M&A) will fit into their strategy.

What to know before launching a sole proprietorship

Feb 26, 2024

Many new ventures start out as sole proprietorships. Here are nine considerations if you’re operating a business that way.

7 signs you’re at risk of a false ERC claim

Feb 18, 2024

Many employers who sought the employee retention credit aren’t even aware that they’re at risk of penalties and steep fines for making fraudulent claims. The IRS says these signs might help.

The marriage dilemma: File jointly or separately?

Feb 9, 2024

Is it better for a married couple to file a joint tax return or file separately? The answer: It depends.

Perks and pitfalls of new emergency savings accounts

Jan 26, 2024

There’s a new benefit plan that businesses can offer as an employee perk: pension-linked emergency savings accounts. Here’s how they work.

Kiddie tax hangs on, even after childhood

Jan 23, 2024

You might not think your 21- or 22-year-old child is subject to a “kiddie tax,” but the IRS disagrees. Don’t let the tax rules catch you by surprise.

Your biggest tax season questions answered

Jan 16, 2024

When will 1099 forms arrive? When is the best time to file a tax return? Here are answers to the most common questions heading into tax season.

Employees’ tips could be a bonus for you

Jan 10, 2024

If you own a business where your staff receives tips, you might qualify for a lucrative tax break.

"We saved one client $700,000 using R&D credits — credits that the company’s previous CPA told them they were not eligble to claim. We stay on top of the latest tax laws to help clients reduce their taxes.”

Mark Patterson, KraftCPAs Tax Services

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