When you retire, you may think about moving to another state because the weather is more temperate or because you want to be closer to family. Don’t forget
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind this list isn’t all-inclusive, so you
Monetary awards and settlements are provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment.
You may have heard of the “nanny tax.” But you may think it doesn’t apply to you if you don’t have a nanny. Check again. Hiring a housekeeper,
During this festive holiday season your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for
If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you trim your taxes
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You
In the midst of busy holiday season, don’t forget to consider taking steps to cut the 2023 tax liability for your business. You still have time to take
The IRS recently announced various 2024 inflation-adjusted federal tax amounts affecting individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4% higher than for
The IRS adjusts dozens of tax thresholds each year for inflation: income tax brackets, retirement contribution limits, gift tax exclusion, standard deduction, HSA limits, Section 179 expensing, Social
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