April is National Financial Literacy Month. According to the Office of the Comptroller of the Currency (OCC), “’Financial literacy’ describes the … Read more about Financial Literacy: What Owners and Employees Need to Know
Don’t Take Tax Advice from…
Several years ago, I was at a restaurant and a party of four at the next table were discussing IRA rollovers. I couldn’t help but overhear their … Read more about Don’t Take Tax Advice from…
SIMPLE IRAs Are Not So Simple in 2025
A Savings Incentive Match Plan for Employees (SIMPLE) IRA plan is a cost-effective way for a small business to offer a meaningful retirement savings … Read more about SIMPLE IRAs Are Not So Simple in 2025
Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s 1001 Deductions and Tax Breaks, covers the tax rules as … Read more about Supplement to J. K. Lasser’s 1001 Deductions and Tax Breaks 2025
Changes in 2025 and 2026 for Your Qualified Retirement Plan
“Any change, even a change for the better, is always accompanied by drawbacks and discomforts.” — Arnold Bennett, English author If you have a … Read more about Changes in 2025 and 2026 for Your Qualified Retirement Plan
Up in Smoke: Dreams of Small Business Owners Lost in the California Wildfires
I was a little hesitant to write about this event while embers are still smoldering, but I concluded that there’s much to be said and done about this … Read more about Up in Smoke: Dreams of Small Business Owners Lost in the California Wildfires
Age Matters in Your Employee Benefit Plans in 2025
It’s axiomatic that businesses can’t discriminate on the basis of age when it comes to hiring, promotion, etc. A federal law—Age Discrimination in … Read more about Age Matters in Your Employee Benefit Plans in 2025
12 Tax-Related Questions About a Company Vehicle
Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2021 (the … Read more about 12 Tax-Related Questions About a Company Vehicle
Offering Gift Cards in Your Business: What to Know
The National Retail Federation predicts that gift card sales—a popular holiday purchase—could reach $28 billion this holiday season. “The average … Read more about Offering Gift Cards in Your Business: What to Know
What’s New Taxwise for Retirement Plans in 2025
Retirement plans are an important way to help employees build financial security. There is great flexibility for employers in choosing the plan best … Read more about What’s New Taxwise for Retirement Plans in 2025
A Quick Look at J.K. Lasser’s Small Business Taxes 2025
For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and tax advisers. The 2025 edition for … Read more about A Quick Look at J.K. Lasser’s Small Business Taxes 2025
What Do Tax COLAs Mean for Your Business in 2025?
The tax picture for 2026 is unknown at this time because many of the tax rules fixed by the Tax Cuts and Jobs Act expire at the end of 2025. But the … Read more about What Do Tax COLAs Mean for Your Business in 2025?
SEPs Are IRA-Based Retirement Plans that Aren’t IRAs: What You Need to Know
According to the U.S. Bureau of Labor Statistics, 86% of private-sector companies with 100 or more workers and 91% of firms with 500 or more workers … Read more about SEPs Are IRA-Based Retirement Plans that Aren’t IRAs: What You Need to Know
Growing Your Business by Bringing in Investors
If you need more capital to grow your business, you have two main options: borrow money or find investors. Borrowing is referred to as debt financing; … Read more about Growing Your Business by Bringing in Investors
What Should Congress Do About the QBI Deduction?
The qualified small business income (QBI) deduction, created by the Tax Cuts and Jobs Act of 2017 as a way for owners of pass-through entities to get … Read more about What Should Congress Do About the QBI Deduction?
