As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate… Read More »Your estate plan: Don’t forget about income tax planning
Every business wants to engage in strategic planning that will better position the company to sell more to current customers — and perhaps expand into… Read More »Simple ways to make strategic planning a reality
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect… Read More »Help when needed: Apply the research credit against payroll taxes
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If… Read More »Social Security benefits: Do you have to pay tax on them?
Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. However, there’s a major risk: the company… Read More »Dodge the tumult with a buy-sell agreement
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate… Read More »Calculating corporate estimated tax
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this… Read More »Is it a good time for a Roth conversion?
You can’t stop it; you can only hope to use it to your best business advantage. That’s right, summer is on the way and, with… Read More »3 summertime marketing ideas for 2022
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on… Read More »Partners may have to report more income on tax returns than they receive in cash
Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them… Read More »The ins and outs of Series EE savings bond taxation
It’s a dilemma that’s been in the news and on business owners’ minds for a while now. The COVID-19 pandemic, along with other world events,… Read More »Supply chain software can help digitize the dilemma
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required… Read More »Businesses: Prepare for the lower 1099-K filing threshold