March 24, 2023
Renting to a relative? Watch out for tax traps
Look forward to next year by revisiting your business plan
March 22, 2023
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a…
The standard business mileage rate is going up in 2023
March 20, 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the…
SECURE 2.0 law may make you more secure in retirement
March 17, 2023
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few…
Unused PTO a problem? Consider a contribution arrangement
March 15, 2023
A new year has arrived. For many businesses, this means employees’ paid time off (PTO) arrangements have reset. And at companies with “use…
Employers should be wary of ERC claims that are too good to be true
March 13, 2023
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the…
Tax-wise ways to save for college
March 10, 2023
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several…
3 ways your business can uncover cost cuts
March 8, 2023
Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cuts: clear and substantial ways to lower…
Forms W-2 and 1099-NEC are due to be filed soon
March 6, 2023
With the 2023 filing season deadline drawing near, be aware that the deadline for businesses to file information returns for hired workers…
Why you might want to file early and answers to other tax season questions
March 3, 2023
The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and…
Getting into data analytics without breaking the bank
March 1, 2023
Most business owners would probably agree that, in today’s world, data rules. But finding, organizing and deriving meaning from the…
Is now the time for your small business to launch a retirement plan?
February 27, 2023
Many small businesses start out as “lean enterprises,” with costs kept to a minimum to lower risks and maximize cash flow. But there comes…
Tax-saving ways to help pay for college — once your child starts attending
February 24, 2023
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years…
How the new SECURE 2.0 law may affect your business
February 22, 2023
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every…
Answers to your questions about taking withdrawals from IRAs
January 23, 2023
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA…
Does your family business’s succession plan include estate planning strategies?
January 20, 2023
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the…
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
January 18, 2023
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred…
Selling stock by year-end? Watch out for the wash sale rule
January 16, 2023
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for…
Tax Filing DeadlinesTax Planning
Timing is everything when it comes to accounting software upgrades
January 13, 2023
“Well, it still works, and everyone knows how to use it, but….” Do these words sound familiar? Many businesses stick with their accounting…
Tax Filing DeadlinesTax Planning
2023 Q1 tax calendar: Key deadlines for businesses and other employers
January 11, 2023
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that…
Save for retirement by getting the most out of your 401(k) plan
January 9, 2023
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer…
BusinessTax PlanningCapital Gains
Inbound vs. outbound: Balancing your company’s sales strategies
January 6, 2023
It might sound like the lingo of air traffic controllers — inbound vs. outbound. But businesses of all types must grapple with these…
How to minimize the S corporation LIFO recapture tax
January 4, 2023
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using…
Look forward to next year by revisiting your business plan
January 2, 2023
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a…
Renting to a relative? Watch out for tax traps
December 30, 2022
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules…