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Trader Status Offers Significant Tax Benefits

  • January 13, 2022
  • Tax

In January 2021, online day traders trapped institutional short sellers in a short squeeze by buying up shares of the video and computer game retailer GameStop. This episode brought attention to a number of issues including the distinction between securities traders…

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Is That Scholarship Taxable?

  • January 12, 2022
  • Tax

If you’re sending your child off to college, you’re looking for any way you can save money. When your child qualifies for a scholarship, it’s a cause for celebration! Just be aware of the possible tax ramifications so you don’t…

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Employee Paycheck Minimum Wage

State Minimum Wages for 2022 Exceed Federal Rate

  • December 23, 2021
  • Tax

In today’s tight labor market, it’s hard to remember that the federal minimum wage remains at $7.25 per hour, where it’s been since 2009. Hardly any employers are able to attract and retain employees at that rate, and 30 states…

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