An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than...

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind...

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some...

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before...

Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration,...

Series EE Bonds dated May 2005 and after earn a fixed rate of interest. Bonds purchased between May 1997 and April 30, 2005, earn a...

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit...

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these...

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last...

You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or...

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

Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients...

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 fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the...

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and...

As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal...

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind...

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...