6.1.21
How the CAA Affects Education Funding
The Consolidated Appropriations Act (CAA), signed into law late last year, contains a multitude of provisions that may affect individuals. For example, if you’re planning…
6.1.21
Should an LLC Hold Your Vacation Home?
If you share a vacation home with family members, holding it in a limited liability company (LLC) is one option that offers several important benefits.…
6.1.21
Five Steps to Establish When Starting a New Business
While the pandemic has forced many businesses to close, it has also created a multitude of opportunities for the creation of new businesses entering the…
5.24.21
The IRS Has Announced 2022 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or…
5.17.21
An S Corporation Could Cut Your Self-Employment Tax
If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax and…
5.3.21
Avoid Buying Unreliable — Or Fraudulent — Insurance Coverage
Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you have…
5.3.21
Providing Education Assistance to Employees? Follow These Rules
Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis,…
4.30.21
Claiming the Business Energy Credit for Using Alternative Energy
Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit…
4.29.21
President Biden Details His Tax Proposals for Individuals
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White…
3.30.21
PPP Application Deadline Extended
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31,…