ARTICLES

The IRS recently announced inflation-adjusted amounts for next year that are relevant to small businesses. Here's a breakdown.

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Read to learn more.

If you’re concerned about your 2023 tax bill, here are four quick strategies that may help you trim your taxes before year end.

In the midst of holiday shopping, don’t forget to consider these strategies to cut the 2023 tax liability for your business. Read More.

As the end of 2023 gets closer, here are some rules and reminders about your flexible spending account (FSA) to keep in mind.

Cost segregation studies is a strategy that yields tax benefits, but it’s not the right move for every business. Here’s how it can help.

Choosing the best entity for your business is a multi-faceted decision. Here are some things to consider.

If you need cash, you may decide to tap into your IRA. But if you’re not yet 59½, you may have to pay a penalty. Here are the exceptions.

Failure to pay payroll taxes is a tricky slope that can hold business owners and its leadership team accountable. Here's an overview.

Does your employer offer a 401(k) plan? Here are the basic features of these plans to illustrate why you should strongly consider it.

If your child is fortunate enough to get a scholarship, is the amount taxable income? Read to understand how the scholarship may be taxed.

FICA Taxes - amounts above the threshold aren’t subject to tax. The “wage base” for 2024 was recently announced and indicates an increase.

Next year, employers with certain retirement plans can allow staff members to contribute to pension-linked emergency savings accounts.

Your yearly investments may have fluctuated this year. Here’s what you need to know about its tax impacts.

IRS examiners use guides called Audit Techniques Guides to prepare for audits in certain industries. You can access the guides at IRS.gov.

If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! But be aware there are tax consequences.

Before the TCJA, eligible casualty loss victims could claim a deduction on their tax returns; however now, there are restrictions. Read More

Businesses, who offer smartphones to employees for business use may want to consider claiming its usage under fringe benefits.

If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed.

Do you and your spouse operate an unincorporated small business together? If so, there are tax implications you will face.