ARTICLES

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.

Getting a Divorce? Understand the tax consequences to separating your personal assets.

Understand how your business assets depreciate and are calculated on your 2023 taxes.

If you’re planning to sell your home or you sold one in 2023, be aware of the tax implications.

Hiring a CPA for your business is important and a necessary for any business. There are many benefits to working with a CPA.

Do you receive $10,000 in cash, or cash equivalents, for your business? Here's what the IRS says about reporting it.

You can operate your small business in several ways, but there are advantages of using an LLC. Here they are.

The student loan pause is coming to an end. If you've begun making payments, your interest paid may offer additional tax deductibles.

The IRS was recently funded $46 billion for "tax enforcement activities". Avoid being audited by applying these 4 tips.

Including your savings, investments, and loans on your taxes will affect your tax bill. Find out how!

Changes in our global economy have birthed a surge in small business growth. Among those small businesses, 50% of are home-based...

2020 was HECTIC! Thankfully, filing your taxes won't be. The government and IRS have made adjustments to this year's tax calendar to give...