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
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
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
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
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
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
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.
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
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
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
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
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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