The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for...

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to...

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation...

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year...

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger...

Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and...

If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who...

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...

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...

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive...