April 15, 2024
Maximize the QBI deduction before it’s gone
Perform an operational review to see how well your business is running
February 23, 2024
In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their…
Does your business have employees who get tips? You may qualify for a tax credit
February 21, 2024
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit…
The kiddie tax could affect your children until they’re young adults
February 19, 2024
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates…
Did your business buy the wrong software?
February 16, 2024
No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According…
Answers to your tax season questions
February 14, 2024
Answers to your tax season questions The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the…
Tax-favored Qualified Small Business Corporation status could help you thrive
February 12, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible…
Account-based marketing can help companies rejoice in ROI
February 9, 2024
When it comes to marketing, business owners and their leadership teams often assume that they should “cast a wide net.” But should you? If…
Should your business offer the new emergency savings accounts to employees?
February 7, 2024
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency…
IRAs: Build a tax-favored retirement nest egg
February 5, 2024
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which…
Facing a future emergency? Two new tax provisions may soon provide relief
February 2, 2024
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking…
What businesses can expect from a DOL benefits plan audit
January 31, 2024
All but the smallest businesses today are generally expected to offer employees “big picture” benefits such as health insurance and a…
New per diem business travel rates kicked in on October 1
January 29, 2024
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that…
Contributing to your employer’s 401(k) plan: How it works
January 26, 2024
If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should…
Businesses: Know who your privileged users are … and aren’t
January 24, 2024
Given the pervasiveness of technology in the business world today, most companies are sitting on treasure troves of sensitive data that…
Choosing a business entity: Which way to go?
January 22, 2024
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you.…
What you need to know about restricted stock awards and taxes
January 19, 2024
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead…
Is your business subject to the new BOI reporting rules?
January 17, 2024
The Corporate Transparency Act (CTA) was signed into law to fight crimes commonly associated with illegal business activities such as…
A cost segregation study may cut taxes and boost cash flow
January 15, 2024
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should…
11 Exceptions to the 10% penalty tax on early IRA withdrawals
January 12, 2024
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one…
Key 2024 inflation-adjusted tax parameters for small businesses and their owners
January 10, 2024
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to…
Some businesses may have an easier path to financial statements
January 8, 2024
There’s no getting around the fact that accurate financial statements are imperative for every business. Publicly held companies are…
Smaller companies: Explore pooled employer plans for retirement benefits
January 5, 2024
Most businesses today need to offer a solid benefits package. Failing to do so could mean falling behind in the competition to hire and…
Key 2024 inflation-adjusted tax amounts for individuals
January 3, 2024
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income…
There still may be time to reduce your small business 2023 tax bill
January 1, 2024
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You…