Hutchinson and Bloodgood LLP

B2B businesses: Are you marketing your products or services through all the right channels? Here are some ideas to consider. #B2BMarketing #marketingstrategies

In 2024, if you pay a household worker cash wages of $2,700 or more, you must withhold and pay Social Security and Medicare taxes. What will this threshold be in 2025? #nannytax #taxplanning https://lnkd.in/gKN5vf3f

Business owners: Have you ever thought about making a “turnaround acquisition” to grow your company? Here are some ways to mitigate the risks of this bold strategic move.

What triggers an IRS audit and how can you prepare if your business is selected? #IRSaudit #taxes https://lnkd.in/gTbtG6Pp

In today's digital age, anyone can become the victim of identity theft, but minors may be especially vulnerable. Victims may incur monetary losses and their credit histories can be severely damaged — and the adverse effects may even extend to other family members. Here are key findings from a recent identity theft survey, along with some tips to help safeguard your loved ones' sensitive personal information. #IdentityTheft #identitytheftprotection https://lnkd.in/gUjN5_yq

Business owners: If your company is struggling with liquidity, it may be headed for trouble. Let’s discuss the critical concept of working capital management. #businessplanning #capitalmanagement #liquidity https://lnkd.in/gEqg2wN6

Tax loopholes happen, whether intentionally or by oversight. When a loophole opens, it's not uncommon for businesses to take notice and walk through those gaps while they can, to save taxes. Currently the IRS is working on regulations designed to close a loophole related to asset basis used by some partnerships. Here are the details. #taxloopholes #taxes #IRS https://lnkd.in/g28Ye46h

College costs have gone up sharply in the past few decades, so starting to save early is a smart move. One option is to invest in a tax-advantaged 529 plan. #529plan #collegeplanning #collegeplan https://lnkd.in/eQ5-YAB4

It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues. #realestate #taxplanning #businessplanning https://lnkd.in/gRW9Vi_6

We are thrilled to announce the well-deserved promotions of Jennifer Kolterman and Jordan Young to Partner, effective October 2024. We are incredibly proud of their achievements and are excited to see them thrive in the years ahead. Jennifer Kolterman, CPA, MST, San Diego Office - With an impressive 21-year career, Jennifer Kolterman specializes in guiding companies as they expand their operations across the United States and negotiating agreements with state authorities to ensure sales tax and income tax compliance. Jennifer’s client base includes foreign-based companies navigating the complexities of doing business in the United States. Her extensive experience and in-depth knowledge make her an invaluable asset to clients looking to optimize their tax strategies in an increasingly complex federal and multi-state regulatory environment. Jordan Young, CPA, MST, Glendale Office - Since joining the firm in 2015, Jordan Young has been a vital part of the firm’s tax group, specializing in tax planning and return preparation for corporations, partnerships, and high-net-worth individuals. Alongside his tax expertise, Jordan also has experience in financial statement reviews and audits. Please join us in congratulating these outstanding individuals on their well-deserved promotions!