ConnollySteeleJan 92 minEmployers should be wary of ERC claims that are too good to be trueHave you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers,...
ConnollySteeleDec 28, 20222 minRenting to a relative? Watch out for tax trapsIf you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules...
ConnollySteeleDec 28, 20222 minHow to minimize the S corporation LIFO recapture taxIf you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using...
ConnollySteeleDec 21, 20222 minSave for retirement by getting the most out of your 401(k) planSocking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your...
ConnollySteeleDec 19, 20222 min2023 Q1 tax calendar: Key deadlines for businesses and other employersHere are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind...
ConnollySteeleDec 14, 20222 minSelling stock by year-end? Watch out for the wash sale ruleIf you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for...
ConnollySteeleDec 12, 20222 minDo you qualify for the QBI deduction? And can you do anything by year-end to help qualify?If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is...