When people think of research and development, the first thing that comes to mind might be a person in a white coat in a laboratory. However, what if I told you that the IRS thinks of research in a different way and that through research and development there is the potential to significantly reduce your company’s tax liability and maximize your bottom line.

In these lively interviews, Charlie Wendlandt, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Last week, we talked about the basics of the American Opportunity Tax Credit. If you want to hear that show, just go to our website it is posted there. This episode breaks down some important planning points to be able to maximize the credit.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Even though most students have just started summer break, the fall semester will be here before we know it. In this episode, Jeff talks about the American Opportunity Tax Credit which can help offset some of the expenses of college for the first four years.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

There is a lot of talk in Washington about the American Families Plan that is being proposed by the Biden administration. In reality, there are parts of that plan that will not see the light of day since there is enough opposition by Republicans and moderate Democrats. Today I want to talk about the step-up in basis proposal.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

As a business grows, cash flow can be an issue. But as a business grows, so does the potential tax bill at the end of the year. This episode covers how businesses pay their taxes and things that might be different here in 2021.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

Taxpayers may only deduct 50% of the cost of food and beverages. The 2021 tax bill removed some of the limitations for expenses incurred in 2021 and 2022. In this episode, we talk about the IRS recently coming out with its clarification.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

Now that we are past May 17th, the tax filing season is not done. There are still a lot of people who extended their returns and now have until October 15th to file. But as people file their returns there are many proactive steps that the IRS is taking to correct potential errors on people’s returns.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

Many of the younger people that are investing in Cryptocurrency may not know how the taxes work. In this podcast, we talk about cost basis and gains and losses, but even these concepts are not as easy as they first appear.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

You can tell something is on the IRS radar when they actually put a question on the tax return to remind people to report the gains from such transactions. Beginning last year, the IRS asked a question on the first page of the Form 1040 to see if a taxpayer sold, sent, exchanged or otherwise acquired any interest in cryptocurrency or any other virtual currency.

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.

The American Rescue Plan that was signed into law in March included a number of provisions that are now being implemented. In this episode, Jeff talks about another one – the Restaurant Revitalization Fund (RRF).

In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.

Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota.

Learn more at https://HawkinsAshCPAs.com/.

Listen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG

Listen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.