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Booth Renter or Employee
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.
penalty-tax-on-early-IRA-withdrawals

Retirement Plans, IRAs and 401(k) Tax Guide for Small Business Owners (2026)

Retirement plans are one of the few places in the tax code where the IRS is on your side. Contributions reduce current-year income, the money grows tax-deferred (or

cost-segregation-study

A Cost Segregation Study May Cut Taxes and Boost Cash Flow

Is your business depreciating the entire cost of constructing the building that houses your enterprise over 30 years? If so, you should consider a cost segregation study. It

Stock-market-investors-Year-end-tax-strategies

What You Need to Know About Restricted Stock Awards and Taxes

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose

Choosing-a-business-entity

Choosing a Business Entity: Which Way To Go?

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as

getting-the-most-out-of-your-401k-plan

Contributing to Your Employer’s 401(k) Plan: How It Works

If you’re fortunate to have an employer offering a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. Generally speaking, it’s a

new-tax-provisions-for-emergencies

Facing a Future Emergency? Two New Tax Provisions May Soon Provide Relief

Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a

per-diem-business-travel-rates

New Per Diem Business Travel Rates Kicked In On October 1

Are your employees traveling for business and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy you put in to reviewing business travel expenses.

Taxes-on-Social-Security-benefits

The Social Security Wage Base for Employees and Self-Employed People Is Increasing in 2024

The Social Security Administration recently announced the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment

Are-scholarships-tax-free-or-taxable

Are Scholarships Tax-Free or Taxable?

With the rising cost of college, families are in search of scholarships to help pay the bills. If your child is awarded a scholarship, you may wonder about

Business Automobiles: How the Tax Depreciation Rules Work

Do you use an automobile in your trade or business? If so, you might be wondering how depreciation tax deductions are determined. The rules are complicated, and special

tax-implications-of-renting-out-a-vacation-home

The Tax Implications of Renting Out a Vacation Home

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains, or in a resort

How-IRS-auditors-learn-about-your-business-industry

How IRS Auditors Learn About Your Business Industry

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by

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