1 min read
What to Do If Your Business Receives a “No-Match” Letter
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
Business Owners & Entrepreneurs (6)
2 min read
The IRS Is Targeting Business Transactions in Bitcoin and Other Virtual Currencies
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...
2 min read
Take a Closer Look at Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return....
1 min read
M&A Transactions: Avoid Surprises From the IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report...
2 min read
Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be...
2 min read
Which Entity Is Most Suitable for Your New or Existing Business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax...
2 min read
Hire Your Children This Summer: Everyone Wins
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids...
2 min read
Consider a Roth 401(K) Plan — and Make Sure Employees Use It
Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan...
2 min read
Employee vs. Independent Contractor: How Should You Handle Worker Classification?
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day...
2 min read
How Entrepreneurs Must Treat Expenses on Their Tax Returns
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know,...
2 min read
Will Leasing Equipment or Buying It Be More Tax Efficient for Your Business?
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although...
2 min read
When Are LLC Members Subject to Self-Employment Tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in...
2 min read
Could Your Business Benefit from the Tax Credit for Family and Medical Leave?
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees....