If you volunteer your time to work for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may
If you’re thinking of buying or selling a business, or you’re in the process of a merger or acquisition, it’s important both parties report the transaction to the
During your working days, you pay Social Security tax as part of the withholdings from your salary or self-employment tax. You may be surprised to learn that when
Bartering for goods and services instead of paying cash may be beneficial to some small businesses. If your business engages in bartering, be aware that the fair market
Now that most schools are out for the summer, you might be sending your children to day camp. This is often a significant expense, but the good news
The Tax Cuts and Jobs Act (TCJA) changed the landscape for business taxpayers because the law introduced a flat 21% federal income tax rate for C corporations. Under
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Please, keep in mind that this list isn’t all-inclusive,
Many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs) to help defray health care costs. With these accounts, individuals have the ability
You’ve most likely seen or heard ads urging you to donate your car to charity. One organization states you can “Make a difference and receive tax savings.” But
Is your business planning to hire this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This
You may consider moving to another state when you retire for the weather or to be closer to your loved ones. Don’t forget to factor state and local
A harsh penalty can be imposed if federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS.
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