Employee Retention Credit (ERC) Worth It?

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a...

Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications....

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...

If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some frequently asked...

If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and...

If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year...

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants,...

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in...

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community...

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to...

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19...

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting...

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last...

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost...

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their...