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If you’re starting a new business, or already operating one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to

The April 15 tax filing deadline is right around the corner. However, sometimes it’s not possible to gather your tax information by the due date and you might

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

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain

Generally speaking, your business should maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year

Are you dreaming of buying a vacation beach home, lakefront cottage, or ski chalet? Or maybe you’re fortunate enough to already own a vacation home. In either case,

If your small business is strapped for cash (or needs to save money), you may find it beneficial to barter or trade for goods and services. Bartering is

Some people mistakenly believe Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After 2025, it’s scheduled to disappear. So, if you’re eligible, you want to make the

Unemployment has been holding steady recently at 3.7%. But some people are still losing their jobs — particularly in certain industries including technology and media. If you’re laid

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a