January 31, 2025
Turnaround acquisitions are risky growth opportunities for today’s companies
Affordable Care ActBusiness TaxesBusiness
2022 deadlines for reporting health care coverage information
March 3, 2022
Ever since the Affordable Care Act was signed into law, business owners have had to keep a close eye on how many employees they’ve had on…
Important tax aspects of operating your business as a sole proprietor
March 1, 2022
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of…
Did you give to charity in 2021? Make sure you have substantiation
February 21, 2022
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But…
Numerous tax limits affecting businesses have increased for 2022
February 4, 2022
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown…
Help safeguard your personal information by filing your 2021 tax return early
February 2, 2022
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being…
How will revised tax limits affect your 2022 taxes?
January 31, 2022
While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year.…
Businesses with employees who receive tips may be eligible for a tax credit
January 28, 2022
If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit…
Are you eligible for a medical expense tax deduction?
January 26, 2022
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy.…
Defer tax with a like-kind exchange
January 24, 2022
Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is…
Review your strategic plan … and look ahead
January 21, 2022
Business owners, year end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the end…
Gig workers should understand their tax obligations
January 19, 2022
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center…
Will the standard business mileage rate go up in 2022? Yes!
January 17, 2022
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for…
The fundamentals of a solid salesperson
January 14, 2022
As the year winds down, business owners have many calendar months to look back on to determine how successfully their products or services…
Student TaxesBusiness TaxesBusiness
There’s a deduction for student loan interest … but do you qualify for it?
January 12, 2022
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans. The…
Helping your employees make the most of email
January 10, 2022
Once a revolutionary breakthrough in communications technology, email is now an afterthought for many people. But that can cause problems…
How are court awards and out-of-court settlements taxed?
January 7, 2022
Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive…
Stock market investors: Year-end tax strategies to consider
January 5, 2022
Year-end is a good time to plan to save taxes by carefully structuring your capital gains and losses. Consider some possibilities if you…
Providing a company car? Here’s how taxes are handled
January 3, 2022
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions…
Could an FLP fit into your succession plan?
December 31, 2021
Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and…
The tax implications of owning a corporate aircraft
December 29, 2021
If your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there…
2022 Q1 tax calendar: Key deadlines for businesses and other employers
December 23, 2021
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that…
Small businesses: There still may be time to cut your 2021 taxes
December 20, 2021
Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute…
New digital asset reporting requirements will be imposed in coming years
December 17, 2021
The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting…
Remember to use up your flexible spending account money
December 13, 2021
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end…