11.4.19
Year-End Tax Planning Moves for Small Businesses
Establish a Tax-favored Retirement Plan. If your business doesn’t already have a retirement plan, now might be the time to take the plunge. Current retirement…
10.21.19
Have You Considered a Fraud Risk Assessment for Your Business?
All companies face the risk of loss due to fraudulent activities. The truth is that some are better prepared than others because they have acted…
10.10.19
IRS Issues Final QBI Real Estate Safe Harbor Rules
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity to take advantage of the…
10.10.19
Encourage Staff to Avoid Unethical Tactics
When market competition heats up, you might provide extra incentives for your sales staff to perform. But be careful: Some employees may step over the…
10.10.19
Understanding and Controlling the Unemployment Tax Costs of Your Business
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year.…
10.8.19
Mortgage Matters: To Pay Down or Not to Pay Down
If you’re a homeowner and manage your finances well, you might have extra cash after you’ve paid your monthly bills. What should you do with…
10.8.19
Cost Segregation Studies Can Benefit Business Owners
Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the…
10.8.19
Is “Bunching” Medical Expenses Still Beneficial in 2019?
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility.…
10.8.19
Step Carefully With Loans Between a Business and Its Owner
It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly.…
10.3.19
The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor.…