10.10.19
IRS Issues Final QBI Real Estate Safe Harbor Rules
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity to take advantage of the…
10.10.19
Encourage Staff to Avoid Unethical Tactics
When market competition heats up, you might provide extra incentives for your sales staff to perform. But be careful: Some employees may step over the…
10.10.19
Understanding and Controlling the Unemployment Tax Costs of Your Business
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year.…
10.8.19
Mortgage Matters: To Pay Down or Not to Pay Down
If you’re a homeowner and manage your finances well, you might have extra cash after you’ve paid your monthly bills. What should you do with…
10.8.19
Cost Segregation Studies Can Benefit Business Owners
Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the…
10.8.19
Is “Bunching” Medical Expenses Still Beneficial in 2019?
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility.…
10.8.19
Step Carefully With Loans Between a Business and Its Owner
It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly.…
10.3.19
The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor.…
10.3.19
Typosquatters Profit From Common User Errors
The Web has opened plenty of new avenues for criminal behavior. For example, you may have heard of cybersquatting. Someone registers a site’s domain name…
10.3.19
Year-End Tax Planning for Contractors
As the end of another year quickly approaches, now is the time to start considering some of the major tax implications that may affect your…