Tax

Showing 145-156 of 260 items

04/14/2023

From Lemonade Stands to Paychecks: How to Hire Your Child as an Employee to Save on Taxes

As the summer season approaches, you might be contemplating employing young individuals to work at your small business. Simultaneously, your...

post

Business

03/23/2023

Keep in Mind these Two Other April Tax Due Dates

Did you know that there are two tax deadlines coming in April, neither of which is the filing of 2022...

post

Tax

03/02/2023

Money received from a lawsuit or settlement may be tax-free, but only in specific cases

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude...

post

Tax

02/22/2023

The Child Tax Credit and You; How to Claim Your Maximum Benefit in 2022

The Child Tax Credit (CTC) has experienced many changes over the last six years, but it is still very valuable...

post

Tax

02/13/2023

Tax Implications For Employees Who Receive Tips

Employees of some businesses receive tips as a part of their compensation. These businesses generally include restaurants, hotels, and salons....

post

Tax

01/31/2023

Possible ID theft? Be proactive and get an IP PIN

Obtaining an Identity Protection PIN (IP PIN) issued by the IRS is a proactive step that you can take to...

post

Tax

01/24/2023

Employee Retention Credits – Not Everyone Qualifies

The Employee Retention Credit (ERC) is a refundable payroll tax credit for employers that kept workers employed during COVID-19 pandemic...

post

Business

01/24/2023

Take Advantage of Tax Provisions Available for College Costs

To help pay for expenses, many parents and grandparents saved money in tax favored accounts, such as 529 plans. Once...

post

Tax

01/13/2023

Renting to a relative: tax benefits may be tricky

In today’s housing market, it seems simple and straightforward to rent to a family member. Many want to help a...

post

Tax

01/03/2023

Increased Standard Mileage Rate for 2023

Effective January 1, 2023, the IRS has issued its annual notice that updates the allowable 2023 standard mileage rates for...

post

Business

12/29/2022

How to get the maximum benefit out of your 401(k) plan

Investing money into a tax-advantaged retirement plan can benefit you by reducing taxes and saving more money for retirement. If...

post

Tax

12/15/2022

How to qualify for the QBI deduction and year-end strategies to maximize this deduction

As a business owner, you may have heard others mention QBI, Section 199A, or the pass-through deduction. These are all...

post

Business