Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the… Read More »10 facts about the pass-through deduction for qualified business income
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But… Read More »IRS audits may be increasing, so be prepared
No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong… Read More »5 ways to take action on accounts receivable
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in… Read More »Eligible Businesses: Claim the Employee Retention Tax Credit
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps… Read More »Are you a nonworking spouse? You may still be able to contribute to an IRA
As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain… Read More »IRS extends administrative relief for 401(k) plans
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of… Read More »Traveling for business again? What can you deduct?
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps… Read More »Are you a nonworking spouse? You may still be able to contribute to an IRA
Among the only certainties of business technology is that it will continue changing. One consequence of this is a regular need for companies to undertake… Read More »Critical path method can propel IT projects
At many businesses, job descriptions have it easy. They were “hired” (that is, written) many years ago. They haven’t had to change or do anything,… Read More »Are your company’s job descriptions pulling their weight?
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list… Read More »2021 Q3 tax calendar: Key deadlines for businesses and other employers
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you… Read More »Seniors may be able to write off Medicare premiums on their tax returns