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Diverse group of employees above words "Employee retention credit What you need to know now"

Infographic: Is Your Business Eligible for the ERC?

June 25, 2021

What you need to know now about the employee retention credit.

Quarter 3 2021 calendar showing July, August, and September

For Small Businesses: 2021 Q3 Tax Calendar Key Deadlines

June 16, 2021

Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.

Tax Advice: Tax-Favored Ways to Build Up a College Fund

June 16, 2021

Your college savings can go farther with tax-favored vehicles. Here are some options.

Tax Advice: Retiring Soon? 4 Tax Issues You May Face

June 9, 2021

Tax planning is still important after you retire. Check out these tax implications of retirement.

Two sets of hands reviewing receipts on table with tablet in background

For Small Businesses: DOs & DON'Ts for Meal, Vehicle Expense Recordkeeping

June 8, 2021

Keeping meticulous business records for meal and vehicle expenses can protect your tax deductions. Here are some DOs and DON’Ts.

Man with toolbelt standing with minor child with toolbelt in front of work van

For Small Businesses: Reap Benefits for Hiring Your Minor Children This Summer

June 4, 2021

Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.

Tax Advice: Planning for the 3.8% Net Investment Income Tax

June 4, 2021

If you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.

Tax Advice: Advance Tax Credit Payments for Many Parents Start July 15

May 25, 2021

About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details.

Stethoscope, piggy bank, and notepad with words: "HSA 2022"

For Small Businesses: IRS Announces 2022 Amounts for HSAs

May 25, 2021

Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of them, along with the inflation-adjusted amounts for the 2022 calendar year.

Hand dropping a coin and words "S corporation"

For Small Businesses: An S Corp Could Cut Your Self-Employment Tax

May 24, 2021

Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.

Man standing at fork in road, one road labeled "Employee", other road labeled "Independent contractor"

For Small Businesses: Basic Rules on Employee vs Independent Contractor

May 19, 2021

Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.

Tax Advice: Still Have Questions After Filing Your Tax Return?

May 19, 2021

Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.

Tax Advice: Working in the Gig Economy Results in Tax Obligations

May 11, 2021

The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.

Man and woman in hard hats walking through field of solar panels

For Small Businesses: On Claiming the Business Energy Credit

May 11, 2021

There’s a great deal of interest in alternative energy technologies today. If your business invests in certain equipment or property, what are the federal tax benefits? This article explains.

Tax Advice: Why Upcoming Tax Deadlines Are Crucial

May 11, 2021

The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.

Tax Advice: What To Do If You Need More Time?

May 11, 2021

Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.

Employee working on laptop that could qualify for employee education assistance

For Small Businesses: On Providing Education Assistance to Employees

May 11, 2021

Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.

Multi-colored network cables above words "Keep your network's connections strong"

Infographic: Keep Your Network's Connections Strong

April 21, 2021

Whether your employees are working from home, in office or on the move, you need to protect network connections from illicit access. Check out this infographic of quick things to consider.

For Small Business: On Simple Retirement Savings Options

April 21, 2021

Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.

Tax Advice: How to Determine Your "Basis" During a Home Sale

April 20, 2021

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

For Small Businesses: On "Reasonable Compensation" for a Corporate Business Owner

April 20, 2021

To keep executive compensation deductible, C corporation owners want to ensure it’s reasonable. Otherwise, it could be deemed a dividend. Here’s why it matters.

Tax Advice: For Those Unemployed in '20, Buying New Health Insurance in '21

April 20, 2021

Many tax changes have been enacted recently to help mitigate the financial damage caused by COVID-19. They may affect you if you collected unemployment last year or if you buy health insurance through a “Marketplace.”

Tax Advice: Who Qualifies for "Head of Household" Status?

April 15, 2021

If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.

Tax Advice: Ensure Life Insurance Isn't Part of Your Taxable Estate

April 13, 2021

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.

For Small Businesses: Tax Advantages of Hiring Your Child

April 12, 2021

Thinking about hiring your teenager to work in your business? There can be significant tax benefits.

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