Gift and Estate Tax Primer
The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep an individual from using gifts to avoid the estate tax ...
Read More >>Maximizing Benefits and Navigating Pitfalls: Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift
A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as an inheritance. It is generally more advantageous tax-wise to in...
Read More >>Navigating the R&D Tax Credit Maze: What SMBs Need to Know Amid Legislative Uncertainty
The landscape of tax legislation in the United States has been marked by constant evolution, with changes often reflecting the broader economic and political priorities of the time. One area that has ...
Read More >>How Health Savings Accounts Can Supercharge Your Tax Savings
In the labyrinth of financial planning and tax-saving strategies, Health Savings Accounts (HSAs) emerge as a multifaceted tool that remains underutilized and often misunderstood. An HSA is not just a ...
Read More >>Say Sayonara to Manual Transaction Entry in QuickBooks Online
Ditching manual transaction entry should be your number one priority now that QuickBooks Online streamlines the process of importing transactions from your bank. When you manually input transactions, ...
Read More >>Weather the Storm: How Small Businesses Can Thrive in a Tough Economy Flow
The current American economy is characterized by inflation, rising credit card debt, and the looming threat of a recession. As a result, small to medium-sized business owners face many challenges. A r...
Read More >>May 2024 Individual Due Dates
May 10 – Report Tips to Employee If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 40...
Read More >>Reminder: Claims for Recovery Rebate Credit About to Expire
In response to the economic fallout from the COVID-19 pandemic, the U.S. government enacted several measures to provide financial relief to Americans. Among these measures were the Economic Impact Pay...
Read More >>Proving Noncash Charitable Contributions
Tax legislation passed in late 2017 nearly doubled the standard deduction for years 2018 through 2025, and now about 90% of individuals filing a tax return are taking advantage of the higher standard ...
Read More >>5 Steps You Should Take Every Time You Open QuickBooks
When it comes to managing your small business finances, establishing a consistent routine is important. This is especially true when using QuickBooks, a powerful accounting software system that can he...
Read More >>Payroll Management: A Complete Guide for SMBS
Payroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies...
Read More >>Secure Your Child’s Financial Future: The Importance of Establishing Custodial Accounts Early
As the parents, ensuring the financial security of our children is paramount. One effective tool for this is a custodial account, a financial mechanism designed to hold and protect assets for minors u...
Read More >>Understanding IRS RMD Transition Relief Extension
If you’ve been hearing about changes in retirement plans and need to understand what’s going on, this blog is here to help. Let’s break down the latest news on Required Minimum Distr...
Read More >>Freshen Your Finances: QuickBooks Spring Cleaning Tips
As the season changes and springtime approaches, it’s not just your home that could use a good cleaning. Your financial records, especially in QuickBooks, could benefit from a little spring cleaning...
Read More >>Top 10 Ways to Spot a Tax Scam
Tax season can be stressful enough without having to worry about falling victim to tax scams. With cybercrime and identity theft becoming increasingly prevalent as more people file their taxes online,...
Read More >>Can’t Pay Your Taxes? Here Are Some Payment Options
About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one reason or another end up owing. Of those who owe Uncle Sam, many...
Read More >>Estimated Tax Payments Are Not Just for the Self-Employed
Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are...
Read More >>Securing Your Business’s Future: Mastering Succession Planning
For many business owners, the future is uncertain. Would you like to ensure the long-term success of your enterprise, reducing stress and providing peace of mind? That’s where succession planning co...
Read More >>Unique Charitable Giving Options
There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your charitable giving for the year, you may benefit from this article o...
Read More >>Employee Spotlight: Angela Ducker
We are delighted to introduce Angela Ducker, our esteemed Tax Manager who joined our firm in 2024. With a Bachelor of Arts in Accounting from Stockton University, Angela brings a wealth of knowledge a...
Read More >>Who is RBF?
Ross Buehler Falk & Company is committed to providing innovative and cost effective solutions to meet each client's unique personal and business goals. We build long-lasting client relationships through personal attention, integrity, and a dedicated pro-active team of professionals.
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