Do you have commercial or investment real estate that has appreciated significantly and want to sell it? One way you can defer a tax bill on the gain
The number of people participating in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16%
After two years without an increase, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in
If you’re paying back college loans, either for yourself or your children, you may wonder if you can deduct the interest you pay on them. The answer is
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind this list isn’t all-inclusive. There may
The end of the year is a good time to plan to save taxes by carefully structuring your capital gains and losses. Consider some possibilities if you have
Providing a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the employer as well as
Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination, or harassment.
If you do a lot of business travel and your business is successful enough, you may have considered buying a corporate aircraft. If so, you should be aware
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your 2021 tax liability. Here are three
The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset
Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies. Purchase
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