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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.
year-end-stock-sale-wash-sale-rule

Selling Stock by Year-End? Watch Out for the Wash Sale Rule

If you’re thinking about selling stock shares at a loss to offset gains you’ve realized this year, it’s important to watch out for the “wash sale” rule. The

Do-you-qualify-for-QBI-deduction

Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-End to Help Qualify?

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction

taking-withdrawals-from-IRAs

Answers to Your Questions About Taking Withdrawals from IRAs

You can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you

pros-and-cons-of-a-C-corporation

Choosing a Business Entity? Here Are the Pros and Cons of a C Corporation

If you’re launching a new business, you’re probably wondering which form of business is most suitable for your needs. Here’s a summary of the major advantages and disadvantages

Intangible-assets

Intangible Assets: How Must the Costs Incurred Be Capitalized?

Most businesses have at least some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of

Strategies for Investors to Cut Taxes as Year-End Approaches

Strategies for Investors to Cut Taxes as Year-End Approaches

Overall the stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider some moves to make the best tax use

Year-end-giving-to-charity-or-loved-ones

Year-End Giving to Charity or Loved Ones

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of

how-savings-bonds-are-taxed

How Savings Bonds Are Taxed

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may

Computer-software-costs

Computer Software Costs: How Does Your Business Deduct Them?

Today, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or

Adopting-a-child-tax-break

Adopting a Child? Bring Home a Tax Break Too

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax

Health-Savings-Account-for-your-small-business

2023 Limits for Businesses that Have HSAs or Want to Establish Them

Business owners don’t need to be reminded the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an

How-inflation-will-affect-your-2022-and-2023-tax-bills

How Inflation Will Affect Your 2022 and 2023 Tax Bills

The effects of inflation are all around us. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering

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