The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash...

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...

Welcome to 2024! So many changes are in store for us. One of those changes includes the The Corporate Transparency Act (CTA). Many...

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible...

If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax...

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on...

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind...

The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving...

One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results...

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business....

The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to...

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to...

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can...

Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should...

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for...

Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for...

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An...

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have...