It’s advantageous for short-term investors to qualify as traders, rather than investors, for federal income tax purposes. Unfortunately, there’s no bright-line distinction between trader and investor status. Here’s an overview of the IRS and U.S. Tax Court guidance to help determine if you qualify as a tax-favored securities trader. Review the IRS Guidance According to… Continue reading

SSB’s office will be closed Friday, June 25. Team members working remotely can be reached via email. We will return Monday, June 28. Have a good weekend!

You’ve worked a lifetime to build your wealth and understandably want to pass much of it on to your loved ones. Estate plans are designed to help you do that in the most tax-efficient way possible. But first, to ensure you have something to leave, your estate plan should protect and preserve your assets. Here’s how… Continue reading

Be aware that criminals are using stolen identities to open accounts and file fraudulent claims for unemployment benefits with state agencies across the United States.  Many victims of this crime have no knowledge that criminals have applied for unemployment insurance (UI) benefits in their name. Signs that you may be a victim of this crime… Continue reading

Individuals who are eligible for federal income tax credits can significantly lower their tax obligations. It’s important to differentiate between tax credits and tax deductions. A credit usually provides greater tax savings than a deduction because a credit reduces your tax bill dollar for dollar. A deduction reduces only the amount of income that’s subject to tax. Here… Continue reading

How can an employer keep its workforce safe from COVID-19 exposure on the job, while still following medical privacy rules? The Equal Employment Opportunity Commission (EEOC) may be able to help, as it reviews how COVID-19 workplace issues intersect with recommendations from the Centers for Disease Control (CDC) and with various laws. The relevant laws include… Continue reading

Adam R. Timblin, CPA joins our team as a Senior Manager. He will provide assurance and advisory services to our clients and play a key role in expanding the service we offer to small businesses. He comes to SSB with 12 years of experience in public accounting and 2 years’ experience serving as the CFO for… Continue reading

Samuel D. Fries, CPA, CFP has been promoted to the position of Senior Manager. Sam is a member of SSB’s tax team and, as a Certified Financial Planner (CFP), he heads up our investment advisory service, SSB Managed Wealth, LLC. In addition to assisting SSB clients with their financial planning, Sam’s concentration is in the… Continue reading

UPDATED: Beginning Tuesday, September 22, through Thursday, October 1, the rear entrance to our building will be under construction.  SSB will be open for business during this time, but you must use the front entrance if you are visiting our office.