Congress is continually giving lip service to its desire to help small businesses, but rarely does something important taxwise in this regard. Much … Read more about Proposals for Better Tax Rules for Small Businesses
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
5 Tax Rules that May Surprise You
It’s probably no great revelation to learn that taxes are complicated. As a consequence, most small business owners rely on tax professionals, at … Read more about 5 Tax Rules that May Surprise You
Surprised by Tax Penalties? How to Get Relief
The IRS has a slew of penalties that may be imposed for doing something wrong, doing something late, or failing to do what you should have done: … Read more about Surprised by Tax Penalties? How to Get Relief
Multiple Businesses with Common Ownership: Tax Rules You Need to Know
Entrepreneurs may not be content with owning a single business. They may have two or more companies going at the same time. They may own some or all … Read more about Multiple Businesses with Common Ownership: Tax Rules You Need to Know
3 Tax Strategies for Start-Ups
Companies starting out have a lot of expenses but little if no revenue. How do you handle this dilemma? Hopefully, a start-up has raised sufficient … Read more about 3 Tax Strategies for Start-Ups
25 Years Since the IRS Restructuring and Reform Act of 1998
It’s impossible these days to listen to or read the media or view social media posts without finding out something about the IRS. In 1998, Congress … Read more about 25 Years Since the IRS Restructuring and Reform Act of 1998
Employment Tax Rules for Women in the Workplace
According to The State of Women in the Labor Market in 2023, three quarters of women ages 25 to 54 are employed; with 84% of them working full time. … Read more about Employment Tax Rules for Women in the Workplace
Writing Off Casualty or Disaster Losses for Your Business
September is National Preparedness Month and the theme this year from Ready.gov is prepare for disasters to create a lasting legacy for you and your … Read more about Writing Off Casualty or Disaster Losses for Your Business
Thresholds Are Confusing for Information Reporting
Saying that tax rules are confusing is an understatement. Sometimes they’re almost impossible to understand. When it comes to requirements for … Read more about Thresholds Are Confusing for Information Reporting
Writing Off the Cost of Business Driving
Gas prices at the pump have nearly doubled in one year, causing severe strain on business budgets. This is especially so for businesses that are based … Read more about Writing Off the Cost of Business Driving
Some Tax Issues Never Change
In the past several years, business owners have grown accustomed to adapting to many changes in tax rules. Some new rules have been temporary in … Read more about Some Tax Issues Never Change
J.K. Lasser’s Small Business Taxes 2022: What’s New and What’s Ahead
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 tax advisers. The 2022 edition … Read more about J.K. Lasser’s Small Business Taxes 2022: What’s New and What’s Ahead
Escaping Federal Tax Penalties
Late with filing a tax return with the IRS? Didn’t correctly figure and pay what you owe? Did something you weren’t supposed to do? Don’t worry. While … Read more about Escaping Federal Tax Penalties
Tax Credits Ending Soon: What to Do Now
A month from now, on September 30, 2021, a number of business tax credits end. Others are scheduled to expire at the end of the year. Of course, any … Read more about Tax Credits Ending Soon: What to Do Now
