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Check out our latest helpful blogs

Job Costing for Plumbers
S-corp election for HVAC business owners: file Form 2553 in September for a January 1 start, set payroll and salary in the slow season, and skip the March scramble.
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Providing Education Assistance to Employees? Follow These Rules

Education is a fringe benefit many businesses provide so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up

Tax Return Filing and Payment Deadlines

Why It’s Important to Meet the Tax Return Filing and Payment Deadlines

The May 17 deadline for filing your 2020 individual tax return is coming up soon. (Note: Because Texas was declared a natural disaster area in February, Texas residents

Unemployed-last-year

Unemployed Last Year? Buying Health Insurance This Year? You May Benefit from Favorable New Changes

In recent months, there have been a number of changes that may affect your individual tax bill. Many of these were enacted to help mitigate the financial damage

reasonable-compensation-for-corporate-business-owner

Know the Ins and Outs of “Reasonable Compensation” for a Corporate Business Owner

Owners of incorporated businesses know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can

how-to-determine-home-sale-basis

Home Sales: How to Determine Your “Basis”

The housing market is strong this spring in many parts of the country. If you’re buying or selling a home, you should know how to determine your “basis.”

Simple-retirement-savings-options-for-your-small-business

Simple Retirement Savings Options for Your Small Business

Are you thinking about setting up a retirement plan for yourself and your employees? Are you worried about the financial commitment and administrative hassles involved in providing a

head-of-household-tax-filing-status

Who Qualifies for “Head of Household” Tax Filing Status?

You must check one of the following filing statuses when you file your tax return: Single, married filing jointly, married filing separately, head of household, or qualifying widow(er).

Tax-advantages-of-hiring-your-child

Tax Advantages of Hiring Your Child at Your Small Business

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are some considerations.

ensure-life-insurance-isnt-part-of-your-taxable-estate

How to Ensure Life Insurance Isn’t Part of Your Taxable Estate

If you have a life insurance policy, you may want to ensure the benefits your family will receive after your death won’t be included in your estate. That

tax advantage of heavy SUV business vehicle

Need a New Business Vehicle? Consider a Heavy SUV

Are you considering buying or replacing a vehicle to use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit

New-law-tax-break-may-make-child-care-less-expensive

New Law Tax Break May Make Child Care Less Expensive

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a

Should-you-convert-from-a-C-to-an-S-corporation

Is an S Corporation the Best Choice of Entity for Your Business?

Are you thinking of launching a business with partners and wondering what type of entity would be best to form? An S corporation may be the most suitable

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