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Category: Management

spouse run businesses and the tax issues they face

Spouse-Run Businesses Face Special Tax Issues

Do you and your spouse operate a profitable unincorporated small business together? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your

year-end-gifts-with-the-gift-tax-annual-exclusion

Plan Now for Year-End Gifts with the Gift Tax Annual Exclusion

With Labor Day behind us the holidays are just around the corner. During the holiday season many people may want to make gifts of cash or stock to

A small business owner and outsourced accountant sat at a desk and high-fiving

The Untapped Potential of Outsourced Accounting for Small Businesses

Discover How You Can Unlock Savings, Efficiency, & Financial Insights with Outsourced Accounting Firms For small business owners and aspiring entrepreneurs, the thrill of launching and running a

Update-on-depreciating-business-assets

Update on Depreciating Business Assets

The Tax Cuts and Jobs Act (TCJA) liberalized the rules for depreciating business assets and the amounts change every year to adjust for inflation. For 2023 the adjustments

Selling-your-home-for-profit-tax-rules

Selling Your Home for a Big Profit? Here Are the Tax Rules

Many homeowners across the country have seen a sizable increase in their home values recently. According to the National Association of Realtors, the median price of existing homes

Divorcing-business-owners-tax-consequences

Divorcing Business Owners Should Pay Attention to the Tax Consequences

Getting a divorce is already a stressful situation, but if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of

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