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Selecting a tax accounting method for your small business
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are
Building bench strength for effective succession planning
Every business will eventually face leadership transitions. Whether key people retire, pursue new opportunities or become unable to do their job, your business must maintain
Will your Social Security benefits be taxable?
Last year, the new tax deduction for taxpayers 65 and older was sometimes referred to as “no tax on Social Security.” In actuality, this up-to-$6,000-per-individual
What’s the right entity type for your new business?
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may
When the sale of an appreciated home triggers taxes — and when it doesn’t
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell.
Don’t let the IRS treat your sideline as a hobby
Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or