7.18.23
Estimated Tax Payments: Who Owes Them and When?
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the…
7.18.23
Are Scholarships Taxable?
If your child has been awarded a scholarship, that’s cause for celebration. For some students, it will mean the difference between going to the college…
7.18.23
Family Businesses Must Beware of Fraud
Family businesses make up a huge percentage of companies in the United States and produce much of the country’s gross domestic product. Often defined as…
7.18.23
Lost Your Job? Here Are the Tax Aspects of an Employee Termination
Despite the robust job market, some people are still losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last…
7.17.23
Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. These costs may end up…
7.10.23
Use an S Corporation To Mitigate Federal Employment Tax Bills
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023, the SE…
7.10.23
Starting a Business? How Expenses Will Be Treated on Your Tax Return
Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports that business…
6.30.23
Deducting Business Travel Expenses
Historically, there has been a lot of confusion surrounding the tax deductibility of travel expenses within the construction industry. The shift to a more remote…
6.28.23
Cybersecurity Challenges in Today’s Work Environment
The response to the COVID-19 pandemic demonstrated that remote and hybrid work models are viable for many companies, which has potentially changed the landscape of…
6.26.23
The Trust Fund Recovery Penalty: Who Can It Be Personally Assessed Against?
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust…