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Planning for the future: 5 business succession options and their tax implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
We have prepared a selection of frequently asked questions.
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When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
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Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
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Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will...
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As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...
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You don’t have to be in business to deduct certain vehicle expenses When you think about tax deductions for vehicle-related expenses, business...
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Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
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Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
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Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...
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Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...
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After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
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There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
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Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
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When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...