With the dramatic cut in the corporate tax rate to 21% by the Tax Cuts and Jobs Act, there’s been some increased interest in operating as a C … Read more about Understanding Corporate Taxes
5 Other Tax Actions Prompted by Filing Your Return
NOTE: The due dates have been updated since the original publishing date. The April 15 due date for individuals and corporations is now July 15, 2020. … Read more about 5 Other Tax Actions Prompted by Filing Your Return
Wage Withholding: Mandatory and Voluntary Reasons
As an employer, you are required to withhold from an employee’s paycheck federal (and where applicable, state) income taxes, as well as the employee’s … Read more about Wage Withholding: Mandatory and Voluntary Reasons
Amended Business Income Tax Return Opportunities Now
If you’re owed a tax refund related to a tax return filed for a previous year, the IRS isn’t going to automatically send it to you. It’s up to you to … Read more about Amended Business Income Tax Return Opportunities Now
Supplement to J.K. Lasser’s Small Business Taxes 2020
The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2020
5 Surprising Tax Rules Every Business Should Know
When you’re in business, you kind of assume that all of your expenses are fully deductible. But this assumption is wrong. The tax law imposes various … Read more about 5 Surprising Tax Rules Every Business Should Know
Figuring Your Estimated Taxes for 2020
Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2019 is due on … Read more about Figuring Your Estimated Taxes for 2020
15 Fringe Benefits Your Employees Want in 2020: With a Tax Twist
A while back Unum polled employees to determine which benefits they valued most. In today’s tough job market, small employers are challenged to offer … Read more about 15 Fringe Benefits Your Employees Want in 2020: With a Tax Twist
J.K. Lasser’s Guide to Self-Employment Second Edition
The number of self-employed individuals is growing substantially. FreshBooks’ Women in the Independent Workforce, 2nd annual report says that … Read more about J.K. Lasser’s Guide to Self-Employment Second Edition
Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
The massive spending measure (December tax package), Further Consolidated Appropriations Act, 2020 (H.R. 1865), which was signed into law on December … Read more about Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
J.K. Lasser’s Small Business Taxes 2020
The 2020 Edition Book Review 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 their … Read more about J.K. Lasser’s Small Business Taxes 2020
Estate Tax Planning for Business Owners
The value of an ownership interest in a business may be worth a lot by the time an owner dies. For heirs, whether this interest is diminished by … Read more about Estate Tax Planning for Business Owners
Spooky Tax Things to Frighten Anyone
Halloween is a time for children to enjoy haunted houses, ghosts, and goblins. This is fun. But there are some things left to adults that can be very … Read more about Spooky Tax Things to Frighten Anyone
Looking Ahead at Taxes for Self-Employed Individuals
Self-employed individuals Self-employed individuals are sole proprietors, independent contractors, partners, and members of limited liability … Read more about Looking Ahead at Taxes for Self-Employed Individuals
Roundup of IRS-Created Safe Harbors for Tax Savings
It’s no revelation to hear that the federal tax laws are very complicated. There are many reefs and rocky shoals. But the IRS has created a number of … Read more about Roundup of IRS-Created Safe Harbors for Tax Savings
