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Are you considering replacing a car you’re using in your business? There are several tax implications you should keep in mind. A cap on deductions Cars are subject

You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. While the rules make it hard for many people

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

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect the business will incur losses in its early years

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for your retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to

Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important not to run afoul of the

As we approach the end of the year, now is a good time to think about whether your business needs to buy business equipment and other depreciable property.

Many employees place funds in their employer’s health or dependent care flexible spending arrangements (FSAs) in order to save taxes. As the end of 2020 nears, here are

Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical that you plan

Small business owners are very aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these

Many people have Series EE savings bonds they purchased several years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and

Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash