Examine 6 Factors to Classify Workers as Employees or Independent Contractors
In January 2024, the U.S. Department of Labor (DOL) issued its long-awaited final rule related to...
Key Rules for Home Office Deductions
Do you work from home all or part of the time? If you're self-employed and meet certain...
Withdrawing Cash from Your C Corporation
C corporation ownersoften need to take cash out of the business to pay personal expenses or to...
Do You Qualify for the Favorable HOH Status?
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might...
Installment Sales Can Be a Win-Win for Buyers and Sellers
For federal income tax purposes, an installment sale is when at least one payment of proceeds from...
Social Security Tax Update: How High Can It Go?
Employees, self-employed individuals and employers all pay the Social Security tax, and the bite...
Help Wanted: Hiring Your Kids to Work for Your Small Business
If you own a small business and have children in high school, technical school or college, you...
QBI Deduction: Use It or (Possibly) Lose It
The qualified business income (QBI) deduction is available to eligible individuals through 2025....
Exploring Alternative Financing Options for Your Business
Access to capital and funding are among the most pressing concerns that CFOs face today. With...
New Twists and Turns Taken by EV Credits
Did you buy an electric vehicle (EV) in 2023? Under the Inflation Reduction Act (IRA), passed late...