Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is…
When the COVID-19 pandemic hit, the IRS introduced the Employee Retention Credit (ERC) as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.…
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax…
Purchasing a home is an expensive proposition that leaves many would-be buyers feeling cash-strapped. If that’s you, you might be considering taking money out of…
Many businesses need to have some inventory available. But having too much inventory is expensive — not just to purchase but to store, safeguard and…
Teachers who are getting their classrooms ready for a new school year often pay for some of their classroom supplies out-of-pocket. They may be able…
Are you in the process of starting a business or contemplating changing your business entity? If so, you’ll need to decide how to organize your…
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain…
Meteorologists warn that the 2024 hurricane season could break records, possibly surpassing 2020, the worst hurricane season on record. Even if hurricanes aren’t a threat…
Healthcare providers face increasingly sophisticated threats from cybercriminals seeking access to sensitive patient data and other valuable information. Cyberattacks can disrupt services, harm patients’ health,…