On May 22, 2025, the House passed One Big Beautiful Bill Act (H.R. 1) (referred to here as “the bill”), which is a reconciliation bill including … Read more about Preview of Tax Changes this Year: Actions to Take Now
What a New Congress and a New Administration Mean for Small Business
The President and Congress are off and running with their agenda for change. How will small businesses fare in this flurry of activity? Likely some … Read more about What a New Congress and a New Administration Mean for Small Business
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
Supplement to J.K. Lasser’s Small Business Taxes 2025
THIS SUPPLEMENT REFLECTS CHANGES THROUGH FEBRUARY 1, 2025 This year’s book, J.K. Lasser’s Small Business Taxes 2025, covers the tax rules as they … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2025
Past Presidential Tax Policies: A Look Back
We’re in the midst of wrangling about tax laws from a new Administration and a new Congress. What the tax rules will ultimately turn out to be is … Read more about Past Presidential Tax Policies: A Look Back
Preparing for Social Security and Medicare Taxes for 2025
Whether you’re an employee of your corporation or a self-employed individual, it’s likely that your tax bill for Social Security and Medicare taxes … Read more about Preparing for Social Security and Medicare Taxes for 2025
What Is the Pass-Through-Entity-Tax and Who Does it Benefit?
The pass-through entity tax (PTET) is a way for owners of pass-through entities—partnerships, limited liability companies, S corporations—to gain … Read more about What Is the Pass-Through-Entity-Tax and Who Does it Benefit?
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
Ways to Simplify Tax Recordkeeping
To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good … Read more about Ways to Simplify Tax Recordkeeping
Additional Medicare Taxes on Business Owners
Business owners pay Medicare taxes on their salaries while those who are self-employed pay Medicare tax on their net earnings from self-employment. … Read more about Additional Medicare Taxes on Business Owners
PEST Analysis and What It Means to Your Business
What is PEST analysis? It’s not an examination of whether there are ants or rodents on your premises. PEST stands for Political, Economic, … Read more about PEST Analysis and What It Means to Your Business
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2023
This year’s book, J.K. Lasser’s 1,001 Deductions and Tax Breaks, reflects the tax rules as they stood on December 1, 2022. But tax law is not static … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2023
Supplement to J.K. Lasser’s Small Business Taxes 2023
This year’s book reflects the tax rules as they stood on December 1, 2022. But tax law is not static and new legislation, IRS pronouncements, and … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2023
What the Fair Tax Would Mean to Your Business
In early January 2023, the Fair Tax Act of 2023 was introduced in the House. While the measure is a 'looong' way from enactment and may never come to … Read more about What the Fair Tax Would Mean to Your Business
J.K. Lasser’s Small Business Taxes 2023: A 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 tax advisers. The 2023 edition … Read more about J.K. Lasser’s Small Business Taxes 2023: A Book Review
