GRANTHAMPOOLE NEWS & UPDATES

Fraud Is Still Alive and Kicking

A number of years have passed since the headlines were filled with stories of Enron, WorldCom, and Bernie Madoff.  While the media has moved on from these sensational stories, fraud continues to be perpetrated with astounding frequency. ...

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HSAs and Why You Should Take Advantage

Health Savings Accounts (HSAs) are a great way to set aside money to pay for both unexpected and expected medical costs. And an even greater benefit – you may qualify for a tax deduction! The tax benefits of an HSA are favorable and can be substantial. An...

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Rethinking Itemized Deductions

The 2018 tax season saw major changes for most taxpayers due to the Tax Cuts and Jobs Act’s (TCJA) inaugural year. Many taxpayers found that they were no longer able to itemize deductions as they had been in years past. While there is little you can do to...

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S Corp Basis and Why You Should Track It

Shareholder basis reflects a shareholder's post-tax economic investment in a corporation. Calculating correctly and in the proper order can be a challenge with a small business corporation (an S corporation), since items of income and loss pass through to...

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