News

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.”

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.

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.

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

The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.

Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.

What is the best choice of entity for a new business venture? It might be an S corporation. Here’s why.

Are you eligible to receive direct payments under the new law that passed on March 11?

You’ve probably heard about the new law that provides direct payments to eligible individuals. But what does the law provide to businesses?

Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.

For tax purposes, there are many ways to conduct a business. For example, you may operate as an S corporation or a partnership. But many new ventures start out as sole proprietorships. Here are some tax considerations involved in operating with that entity.

Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.