If you own a small business, you’re likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses. First, what
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be
You’ve probably heard about qualified tuition programs (also known as 529 plans) if you have children or grandchildren who will be attending college in the future. These plans,
Fall is officially here. So now is a good time to start taking steps that may lower your tax bill for this year and next. One of the
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware the WOTC is
Many estates no longer need to be concerned with federal estate tax as a result of the current estate tax exemption amount ($12.06 million in 2022),. Before 2011,
Here are some of the key tax-related deadlines affecting businesses and other employers for the fourth quarter of 2022. Keep in mind this list isn’t all-inclusive. There may
In its latest report, the National Association of Realtors (NAR) announced July 2022 existing home sales were down, but prices were up compared to last year nationwide. “The
Does your business need real estate to operate? Does it hold property and put the title in the name of the business? You may want to rethink this
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview
Now that Labor Day is behind us, it’s a good time to think about making moves to help lower your small business taxes for this year and next.
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy, and taxes. There’s been a lot of
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