2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners
The IRS recently announced various inflation-adjusted federal income tax amounts for 2024. Rates and Brackets If you run your...
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Business
11/20/2023
Gearing up for 1099 Filing Season: What you need to know about paying vendors via cash apps
The IRS is increasing the income reporting requirements on businesses, banks, and third-party settlement organizations (known as PSEs – Payment...
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Business
11/20/2023
Gearing up for 1099 Filing Season: Important Change to Form W-2, Series 1099 E-file Requirements
IRS lowers e-filing requirements for W-2 and series 1099 returns – most must e-file The IRS is utilizing technology more...
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Business
11/10/2023
Restricted Stock Awards and Taxes 101
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation (non-cash compensation offered to employees). Some...
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Business
10/31/2023
Navigating Business Automobile Depreciation Rules
As a business owner, understanding the intricacies of tax rules related to your company vehicles is crucial for making informed...
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Business
10/26/2023
Two tax provisions may provide relief from a financial emergency
You may have run into this situation before, you have an unexpected financial emergency and need access to cash fast....
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Tax
10/24/2023
Concerned Your Employee Retention Credit may be Calculated Incorrectly?
In the news recently, the IRS announced a moratorium that will last at least through December 31, 2023, on reviewing...
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Business
10/06/2023
Disaster victims may benefit from casualty losses
Many Americans have fallen victim to disasters such as severe storms, floods, tornadoes, and wildfires this year. Unforeseen disasters can...
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Tax
09/07/2023
Plan now for year-end gifts with the gift tax annual exclusion
With the end of the year now on the horizon, it is time to put the finishing touches on tax...
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Tax
09/05/2023
Considering selling your home for a big profit? Learn about the tax rules.
Many homeowners throughout the country have experienced a rise in their property values over the past few years. According to...
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Tax
08/21/2023
Family members with disabilities may benefit from ABLE accounts
If you have family members with disabilities, you may be able to save for their needs in a tax-advantaged way...
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Tax
08/11/2023
The bright side of resuming federal student loan payments
If you have federal student loan debt, you are probably aware of the interest-free payment pause that has been in...
