Tips for Reducing the Impact of NIIT
The net investment income tax (NIIT) was enacted more than a decade ago. While repeal has been...
Act Now to Leverage the Gift Tax Exclusion Before Year End
The gift tax exclusion is among the most valuable tools available to transfer assets to family and...
Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS
With 2024 right around the corner, your shareholders might be thinking about year-end bonuses or...
7 Tax Breaks for Parents
It's challenging and expensiveto be a parent. The average annual cost of raising a child in the...
IRS Delays $600 Form 1099-K Reporting Threshold
Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...
Year-End Bonuses: Tax Issues for Employers and Employees
The holidays are often referred to as "the most wonderful time of year"—and, for some people,...
Spelling Out the Rules for the Net Unrealized Appreciation Tax Break
Are you a small business owner or corporate owner holding appreciated company stock in your 401(k)...
New Electronic Filing Requirements for Forms W-2 and 1099
Earlier this year, the IRS and State of Ohio announced updates to filing requirements for certain...
Advantages of Group Term Life Insurance as an Employee Benefit
Tax-favored fringe benefits can help your business attract and retain skilled workers. One benefit...
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year end approaches, small business owners should review their tax situations to determine ways...