If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021… Read More »Are you ready for the 2021 gift tax return deadline?
By now, most business owners view technology upgrades as inevitable. Whether hardware or software, the tech your company relies on to operate will need to… Read More »Prudent technology upgrades call for some soul searching
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a… Read More »Making withdrawals from your closely held corporation that aren’t taxed as dividends
If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general,… Read More »Married couples filing separate tax returns: Why would they do it?
Economic changes wrought by the COVID-19 pandemic, along with other factors, drove historic global mergers and acquisitions (M&A) activity in 2021. Experts expect 2022 to… Read More »Approach turnaround acquisitions with due care
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects… Read More »Important tax aspects of operating your business as a sole proprietor
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if… Read More »Did you give to charity in 2021? Make sure you have substantiation
Ever since the Affordable Care Act was signed into law, business owners have had to keep a close eye on how many employees they’ve had… Read More »2022 deadlines for reporting health care coverage information
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you… Read More »Keeping meticulous records is the key to tax deductions and painless IRS audits
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they… Read More »The Ins and Outs of IRAs
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No… Read More »Let your financial statements guide you to optimal business decisions
While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why… Read More »Entrepreneurs and taxes: How expenses are claimed on tax returns