Anyone who hires a lawyer is more likely than not going to incur attorney fees. The reason why the lawyer is hired however, be it for a child custody case or to write a patent, will affect the treatment of these expenses. This is because not all attorney fees are treated equally, as some of … Read more
You may be able to handle your own bookkeeping when you first start your business, but over time, your business will grow and you might find yourself asking, is it time to hire a bookkeeper? There are a number of indicators that suggest it is time to consider finding assistance: When bookkeeping is taking too … Read more
Gas prices rising over the past year have caused many people to limit the use of their vehicles in an attempt to keep more money in their pockets and less in their gas tanks. But for the people who find it necessary to use their vehicle regularly, a break may be coming their way. The … Read more
To our ADKF family, As we leap into 2023, we would like to take this opportunity to thank you all for filling 2022 with milestone accomplishments and unforgettable memories! The success of ADKF is based on the relationships we have built and maintained over the years, and we really wouldnt be where we are today … Read more
The end of a marriage brings many changes and when children are involved, an extra layer of complexity is added. After the divorce is finalized, questions may arise that you did not think of before, such as: who claims the children on their tax return? The Tax Cuts and Job Act (TCJA) of 2018 brought … Read more
One of the benefits of switching from filing single to married filing jointly on your tax return is having additional tax advantages including higher standard deductions, favorable tax rates, and a higher combined income before becoming subject to credit limitations. Despite sounding like a dream come true, there is also a potential downside that you … Read more
Technological advancements are paving their way more strongly than ever, and electric vehicles (EVs) are no exception. Numerous vehicle manufacturers have implemented development programs to roll out electric vehicles from their factories. Tesla started the creation of clean energy vehicles, and a large influx of automakers has followed. Although electric vehicles are relatively new, they … Read more
Companies offer stock options to their employees as a form of compensation and to provide them with ownership of the company. These options provide the opportunity to purchase company stock in the future at a set price. There are two main types of stock options: ISO-Incentive Stock Options: Granted to employees and must be exercised … Read more
Are you in the market to sell your primary residence? There may be a few things you want to consider as you go through this process that might keep you from paying tax on capital gains for the sale of your home. Selling your primary residence has the potential to be a tax-free event so … Read more
Are you cleaning out your closet? Perhaps you are moving and have decided to sell some items you no longer need? If so, then this article is for you. 1099-Ks have been around since 2012 as a part of the Housing and Economic Recovery Act. This form is intended for individuals and businesses to report … Read more