February 19, 2025
The nanny tax: What household employers need to know

When partners pay expenses related to the business
July 19, 2024
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service…
Taxes when you sell an appreciated vacation home
July 17, 2024
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three…
B2B businesses need a cohesive strategy for collections
July 15, 2024
If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges. Every…
Growing your business with a new partner: Here are some tax considerations
July 12, 2024
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and…
Pay attention to the tax rules if you turn a hobby into a business
July 10, 2024
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business.…
The tax advantages of including debt in a C corporation capital structure
July 8, 2024
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more…
8 key features of a customer dispute resolution process for businesses
July 5, 2024
No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time. Some of the…
Businesses must face the reality of cyberattacks and continue fighting back
July 3, 2024
With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality…
When do valuable gifts to charity require an appraisal?
July 1, 2024
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS…
A three-step strategy to save tax when selling appreciated vacant land
June 28, 2024
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of…
Tax tips when buying the assets of a business
June 26, 2024
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a…
Don’t overlook taxes when contemplating a move to another state
June 24, 2024
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be…
3 types of internal benchmarking reports for businesses
June 21, 2024
As each year winds to a close, owners of established businesses can count on having plenty of at least one thing: information. That is,…
Defer a current tax bill with a like-kind exchange
June 19, 2024
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the…
It’s possible (but not easy) to claim a medical expense tax deduction
June 17, 2024
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost you. Can you deduct your…
Perform an operational review to see how well your business is running
June 14, 2024
In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their…
Does your business have employees who get tips? You may qualify for a tax credit
June 12, 2024
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit…
The kiddie tax could affect your children until they’re young adults
June 10, 2024
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates…
Did your business buy the wrong software?
June 7, 2024
No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According…
Tax-favored Qualified Small Business Corporation status could help you thrive
June 5, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible…
Account-based marketing can help companies rejoice in ROI
June 3, 2024
When it comes to marketing, business owners and their leadership teams often assume that they should “cast a wide net.” But should you? If…
Should your business offer the new emergency savings accounts to employees?
May 31, 2024
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency…
IRAs: Build a tax-favored retirement nest egg
May 29, 2024
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which…
Seeing the big picture with an enterprise risk management program
May 27, 2024
There’s no way around it — owning and operating a business comes with risk. On the one hand, operating under excessive levels of risk will…