Featured Article From Our Experts
Be Aware: Telecommuting During COVID-19 Can Trigger State Nexus

With remote work becoming the new normal for much of the U.S., at least for now, businesses should evaluate their new footprint. Very likely, one or more employees may now be working across state lines beyond the company’s pre-pandemic boundaries. This temporary telecommuting could have some unforeseen state tax consequences for employers and employees. In this article, we will review multistate telework and its impact on tax liability. 
ABLE Accounts Help Those With Disabilities
Achieving a Better Life Experience (ABLE) accounts are tax-free accounts that can be used for expenses of disabled individuals. They can be created by a disabled person or his or her family members or guardians. This article explains eligibility factors and other pertinent details.

The Tax Impact of Business Property Remediation
Any business that needs to “remediate” or clean up environmental contamination will find that some of the cleanup costs are currently deductible, while others may have to be capitalized over multiple years. This article provides examples of which remediation costs can be claimed for a deduction right away.
Catching up on Catch-up Contributions
Those age 50 or older on December 31 of any given year can start making “catch-up” contributions to their employer-sponsored retirement plans by that date. Click through to learn more about how you can catch up on catch-up contribution amounts for 401(k) plans.  
Do You Know the “Hidden” Advantage of HSAs?
A Health Savings Account (HSA) coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis. But there’s also a “hidden” advantage of HSAs, or at least one that many people overlook: They can play a helpful role in estate planning.
Register for Our Construction Conference on December 15, 2020!
Join us for our Virtual Construction Conference. This conference focuses specifically on the issues and trends impacting the construction industry and provides valuable insights to help you manage operations for profitability.
 

About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty plus years' history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients and it's also the most significant way we can contribute to their long-term success.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com