Someone might have once told you that human beings use only 10% of our brains. The implication is that we have vast, untapped stores of… Read More »Is your business underusing its accounting software?
Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets. Or maybe… Read More »Is an LLC the right choice for your small business?
If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications.… Read More »5 possible tax aspects of a parent moving into a nursing home
Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and addressing issues related to diversity, equity… Read More »DEI programs are good for business
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being… Read More »The deductibility of corporate expenses covered by officers or shareholders
More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If you have student… Read More »You may have loads of student debt, but it may be hard to deduct the interest
Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss strategy. Sometimes… Read More »Get serious about your strategic planning meetings
Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021,… Read More »Getting a new business off the ground: How start-up expenses are handled on your tax return
There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called… Read More »Who in a small business can be hit with the “Trust Fund Recovery Penalty?”
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules… Read More »There’s currently a “stepped-up basis” if you inherit property — but will it last?
The COVID-19 pandemic has dramatically affected the way people interact and do business. Even before the crisis, there was a trend toward more digital interactions… Read More »Keeping remote sales sharp in the new normal
Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these… Read More »Can taxpayers who manage their own investment portfolios deduct related expenses? It depends