This is the time of year when many business owners are asking if there’s anything they can do to save tax for the year. Under current tax law,
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the
If your company faces the need to clean up or “remediate” environmental contamination, the money you spend can be deductible on your tax return as an ordinary and
By contributing to a tax-advantaged retirement plan you can reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it
Your business may be required to comply with rules to report amounts paid to independent contractors, vendors, and others a month after the New Year begins. This may
There’s a tax-advantaged way for people to save for the needs of family members with disabilities and it won’t affect their eligibility for government benefits to which they’re
One of the most labor-intensive tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from your employees’
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older (and don’t need the money from required minimum
Choosing the right entity can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations
If you’re planning to sell assets at a loss to offset gains realized during the year, it’s important to be aware of the “wash sale” rule. How the
Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study.
One way to save for your child’s or grandchild’s education is with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for
Let’s talk about how our experts can help you reach your financial goals.