5.14.25
Helping a Family Member Buy a Home
Making a family loan isn’t the only way to assist a loved one with purchasing a home. If you aren’t concerned about being paid back,…
5.14.25
Three Things To Know After Filing Your Tax Return
Most people feel some relief after filing their income tax returns each year. But even if you’ve successfully filed your 2024 return, you may still…
5.14.25
Can You Deduct the Costs of a Spouse on a Business Trip?
If you own a company and travel for business, you may wonder whether you can deduct all the costs of having your spouse accompany you…
5.14.25
The High Cost of Worker Misclassification: Tax Implications and Risks
The consequences of misclassifying an employee as an independent contractor can be costly. You could be liable for back taxes (including the employee’s shares of…
5.12.25
Use the Tax Code To Make Business Losses Less Painful
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be…
5.5.25
Corporate Business Owners: Is Your Salary Reasonable in the Eyes of the IRS?
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high…
4.28.25
An Education Plan Can Pay Off for Your Employees — And Your Business
Your business can set up an education plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored…
4.21.25
Explore SEP and SIMPLE Retirement Plans for Your Small Business
Suppose you’re thinking about setting up retirement plans for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There…
4.14.25
Hiring Your Minor Children for Summer Jobs
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra…
4.14.25
Nexus Requires Compliance and Begins by Filing Tax Returns
“Nexus” is a fancy Latin word that refers to the relationship of a taxing jurisdiction that enables it to subject your business to taxation. In…