Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making… Read More »IRA charitable donations: An alternative to taxable required distributions
Keeping up with employment regulations and health care benefits can be a struggle for many small to midsize businesses. One potential solution is engaging a… Read More »Could your business benefit from a PEO?
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being… Read More »Inflation enhances the 2023 amounts for Health Savings Accounts
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a… Read More »Caring for an elderly relative? You may be eligible for tax breaks
While many economic indicators remain strong, the U.S. economy is still giving business owners plenty to think about. The nation’s gross domestic product unexpectedly contracted… Read More »Tighten up billing and collections to mitigate economic uncertainties
The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that doesn’t match the agency’s records.… Read More »Businesses may receive notices about information returns that don’t match IRS records
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain… Read More »Valuable gifts to charity may require an appraisal
Among the many lasting effects of the pandemic is that some businesses are allowing employees to continue working from home — even now that the… Read More »No parking: Unused compensation reductions can’t go to health FSA
There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property you want… Read More »The tax mechanics involved in the sale of trade or business property
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business… Read More »Want to turn a hobby into a business? Watch out for the tax rules
Is your business ready to seek funding from outside investors? Perhaps you’re a start-up that needs money to launch as robustly as possible. Or maybe… Read More »Businesses looking for outside investors need a sturdy pitch deck
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new… Read More »Tax considerations when adding a new partner at your business