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...
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Business Tax (2)
Withdrawing Cash from Your C Corporation
C corporation ownersoften need to take cash out of the business to pay personal expenses or to...
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...
QBI Deduction: Use It or (Possibly) Lose It
The qualified business income (QBI) deduction is available to eligible individuals through 2025....
Dos and Don’ts for Business Expense Deductions
As tax seasonheats up, companies of all kinds and sizes will be on the hunt for ways to reduce...
Tax Breaks for Employer-Paid Education Expenses
Is your business struggling with a shortage of skilled workers in today's tight labor market? One...
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...
IRS Delays $600 Form 1099-K Reporting Threshold
Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...
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)...
Year-End Holiday Parties and Gifts: What’s Taxable?
The holidays are just around the corner, and now is the time for employers to start thinking about...