If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big
The purpose of this article is to get the IRS to owe you money. Of course, the IRS is not likely to cut you a
How do you avoid losing money by making the wrong choice? Here’s one way to see the issue: Say you have seven employees who now
Are you thinking about starting a new business? If so, congratulations. We know it can, and probably will, be an exciting ride. But like many
With the COVID-19 pandemic still going on, you may be spending more time working from your home office. You may have taken some extra rooms
Do you operate your business as an S or a C corporation?
Do you drive a vehicle titled in your personal name for corporate business?
Beware. The Tax Cuts and Jobs Act (TCJA) changed the rules for tax years 2018-2025.
Before the TCJA, you had to pay attention to the use of your personal vehicle for corporate business in order to avoid losing deductions to the 2 percent miscellaneous itemized deduction rule and the alternative minimum tax.
Cash is king, especially during the worst recession since the 1930s. The hugely popular federal Paycheck Protection Program (PPP) that paid forgivable loans to millions
Good Faith at the Time Question: What are your thoughts on the repercussions for business owners who acted in good faith based on the information available
Dear Client: How much is clarity worth? A lot, a whole lot. And how much is making things easier worth? Of course, it’s a lot,
Dear Client: The COVID-19 pandemic may create tax benefit opportunities for you and your family members. For example, you could hire your under-age-18 children, pay