ConnollySteeleMar 21, 20222 minTaking the opposite approach: Ways your business can accelerate taxable income and defer deductionsTypically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But...
ConnollySteeleMar 16, 20222 minWhen inheriting money, be aware of “income in respect of a decedent” issuesOnce a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain...
ConnollySteeleMar 14, 20222 minEstablish a tax-favored retirement planIf your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow...