Chances are, your construction company hires subcontractors, rather than employees, to perform some of the work. These arrangements obviously save your company a lot of time,…
The thought of creating a buy-sell agreement may strike a certain amount of trepidation into the hearts of some contractors. The mere suggestion of ownership…
If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty…
Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile phone era. Using spoofed numbers…
A long-term care insurance policy supplements your traditional health insurance by covering services that assist you or a loved one with one or more activities…
Owning a vacation home can offer tax breaks, but they may differ from those associated with a primary residence. The key is whether a vacation…
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at…
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C…
The IRS has updated the inflation-adjusted “luxury automobile” limits on certain deductions taxpayers can take for passenger automobiles — including light trucks and vans —…
Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have…