Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are… Read More »6 essential tips for small business payroll tax compliance
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While… Read More »Turning stock downturns into tax advantages
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners.… Read More »Planning for the future: 5 business succession options and their tax implications
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them… Read More »Riding the tax break train: Maximizing employee transportation fringe benefits
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One… Read More »Exploring business entities: Is an S corporation the right choice?
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024… Read More »The 2024 gift tax return deadline is coming up soon
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense.… Read More »Ways to manage the limit on the business interest expense deduction
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they… Read More »Can I itemize deductions on my tax return?
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand… Read More »How a business owner’s home office can result in tax deductions
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as… Read More »Do you have an excess business loss?
The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or… Read More »Financial relief for families:The benefits of the Child Tax Credit
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance… Read More »Questions about taxes and tips? Here are some answers for employers