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Booth Renter or Employee? How Texas Salon Owners Should Classify Stylists

Texas dropped its booth rental license, but salon owners still have to decide if stylists are booth renters or employees. Here's what each option means for you.

The Tax Implications of Disability Income Benefits

Many Americans receive disability income. If you’re one of them, or could be in the future, you may be asking yourself: Is the income taxed and if it

Business Website Expenses: How They’re Handled for Tax Purposes

Pretty much every business has a website today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are

How Are Series EE Savings Bonds Taxed?

Savings bonds are often purchased by many Americans to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in

Closing a Business Involves a Number of Tax Responsibilities

While much of the economy has improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this

Six Tax Issues to Consider If You’re Getting Divorced

Divorce involves several difficult personal issues, and taxes are probably the farthest thing from your mind. However, some tax concerns may need to be addressed to ensure taxes

If Your Business Has Co-Owners, You Probably Need a Buy-Sell Agreement

Are you buying a business which will have one or more co-owners? Or do you already own one fitting this description? If so, consider installing a buy-sell agreement.

Estate Planning Tax Guide for Small Business Owners (2026)

Most small business owners spend years building a business, optimizing tax structures, and accumulating retirement savings. Then they leave estate planning for later. The problem is that “later”

Be Aware of the Tax Consequences of Selling Business Property

You should understand the tax implications if you’re selling property used in your trade or business. There are complex rules which could potentially apply. To simplify this discussion,

Certain Charitable Donations Allow You to Avoid Taxable IRA Withdrawals

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It

Consider Borrowing from Your Corporation but Structure the Deal Carefully

If you own a closely held corporation, you can borrow funds from your business at lower rates than those charged by a bank. But it’s important to avoid

What Might Be Ahead as Many Tax Provisions Are Scheduled to Expire?

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts

2024 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind this list isn’t all-inclusive, so there