An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than...

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some...

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the...

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year...

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This...

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so...

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger...

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income...

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can...

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed...

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that...

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business...

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the...

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...

The clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by...

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But...

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this...

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax...