The tax impact of the TCJA on estate planning
June 14, 2018
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major…
2 tax law changes that may affect your business’s 401(k) plan
June 13, 2018
When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for…
Could a long-term deal ease your succession planning woes?
June 8, 2018
Some business owners — particularly those who founded their companies — may find it hard to give up control to a successor. Maybe you just…
Factor in state and local taxes when deciding where to live in retirement
June 7, 2018
Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into…
What businesses need to know about the tax treatment of bitcoin and other virtual currencies
June 5, 2018
Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual…
Saving tax on restricted stock awards with the Sec. 83(b) election
May 30, 2018
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax…
Putting your child on your business’s payroll for the summer may make more tax sense than ever
May 29, 2018
If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits,…
IRS Audit Techniques Guides provide clues to what may come up if your business is audited
May 8, 2018
IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific…
Get started on 2018 tax planning now!
May 2, 2018
With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an…
A review of significant TCJA provisions affecting small businesses
May 1, 2018
Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review…
Manage health benefits costs with a multipronged approach
April 27, 2018
Many companies offer health care benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care…
Tax record retention guidelines for individuals
April 26, 2018
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all of your 2017…
Tax document retention guidelines for small businesses
April 23, 2018
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn…
Individual tax calendar: Important deadlines for the remainder of 2018
April 18, 2018
While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the…
TCJA changes to employee benefits tax breaks: 4 negatives and a positive
April 16, 2018
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives…
3 ways to supercharge your supervisors
April 5, 2018
The attitudes and behaviors of your people managers play a critical role in your company’s success. When your managers are putting forth…
Should you file Form SS-8 to ask the IRS to determine a worker’s status?
April 3, 2018
Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS…
Can you claim your elderly parent as a dependent on your tax return?
March 29, 2018
Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided. If you qualify for the…
Tax Filing DeadlinesBusiness Taxes
2018 Q2 tax calendar: Key deadlines for businesses and other employers
March 27, 2018
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind…
Home-related tax breaks are valuable on 2017 returns, will be less so for 2018
March 21, 2018
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this…
Make sure repairs to tangible property were actually repairs before you deduct the cost
March 14, 2018
Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction…
Business TaxesSuccession Planning
7 ways to prepare your business for sale
March 9, 2018
For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out…
Don’t forget: 2017 tax filing deadline for pass-through entities is March 15
March 5, 2018
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the…
It’s time to get more creative with retirement benefits communications
March 3, 2018
Employees tend not to fully appreciate or use their retirement benefits unless their employer communicates with them about the plan clearly…