
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,…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
“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…