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INDUSTRY NEWS2020-06-25T17:22:42+00:00

industry news

Grossman St. Amour CPAs team members address relevant subject matters in the world of accounting, taxation, business valuation and financial planning.  We invite you to review the various industry articles below.   Should you have a question about or interest in a particular subject matter, please contact us.

When Should You Take Social Security Benefits?

If you're nearing retirement, you've likely paid into the Social Security system your entire career. It's only fitting that you finally cash in on the Social Security benefits that are rightfully yours. But when should you start receiving benefits — at [...]

June 3rd, 2021|

Sailing the Seas of Business on a Healthy Cash Flow

Pulling in revenue that will ultimately boost the bottom line is every business's goal. However, keeping your company in prime shape to seize profitable opportunities and overcome financial challenges is related to another objective: having a healthy cash flow. Every organization, [...]

June 1st, 2021|

Vacation Home Usage Has Tax Implications

Do you own a vacation home that's classified as a rental property for tax purposes? Rental property owners may be tempted to use their rental properties for their personal "staycations" or as remote office locations during the COVID-19 pandemic. But this [...]

May 13th, 2021|

How Virtual Currency Transactions Affect Your Tax Situation

With increasing market acceptance and the skyrocketing price of Bitcoin, virtual currency has become an IRS hot-button issue. Here's an overview of the tax rules that apply to this blockchain-based method of payment. Virtual currencies, also known as cryptocurrencies, have gone [...]

May 7th, 2021|

5 Overlooked Tax Deductions

Who among us wants to pay the IRS more taxes than we have to? While few may raise their hands, Americans regularly overpay because they fail to take tax deductions they are eligible for. Let's take a quick look at five [...]

April 5th, 2021|
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