Unused PTO a problem? Consider a contribution arrangement
A new year has arrived. For many businesses, this means employees’ paid time off (PTO) arrangements have reset. And at companies with “use it or >>
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Late shopping for year-end deductible supplies
Business owners still have a small handful of shopping days left to buy tax-deductible supplies. As you know, you can generally write off the ordinary and >>
Inbound vs. outbound: Balancing your company’s sales strategies
It might sound like the lingo of air traffic controllers — inbound vs. outbound. But businesses of all types must grapple with these concepts and >>
Selling stock by year-end? Watch out for the wash sale rule.
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for the >>
2022 Child Tax Credit Update: A Return “Back to Normal”
IRS Warns Employers about Amended Returns When Claiming Employee Retention Credit The IRS and numerous entities have been communicating and advertising to business owners the >>
Year-end giving to charity or loved ones
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before >>
Instill family values with a FAST
You create an estate plan to meet technical objectives, such as minimizing gift and estate taxes. But it’s also important to consider “softer,” yet equally critical, >>
Like every business, a start-up needs a sensible budget
An impressive 432,834 new business applications for tax identification numbers were submitted during October 2022, according to the U.S. Census Bureau. Indeed, despite the relatively higher >>
Plan now to make tax-smart year-end gifts to loved ones
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through >>
Adopting a child? Bring home a tax break too
Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against >>
