The chances of an IRS audit are low, but business owners should be prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against beingRead more.
Take advantage of the gift tax exclusion rules
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your lovedRead more.
Does your team know the profitability game plan?
Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying toRead more.
How to treat your business website costs for tax purposes
These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintainRead more.
When is tax due on Series EE savings bonds?
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a fileRead more.
How to research a business customer’s creditworthiness
Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. But if youRead more.
5 ways to withdraw cash from your corporation while avoiding dividend treatment
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way isRead more.
Uncle Sam may provide relief from college costs on your tax return
We all know the cost of college is expensive. The latest figures from the College Board show that the averageRead more.
For best results, start your strategic planning early
Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling aRead more.
2019 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. KeepRead more.
Getting a divorce? There are tax issues you need to understand
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure thatRead more.
Putting together the succession planning and retirement planning puzzle
Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you mustRead more.
The key to retirement security is picking the right plan for your business
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favoredRead more.
The next estimated tax deadline is September 16: Do you have to make a payment?
If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments mustRead more.
Some business owners can’t participate in their own companies’ HRAs
Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages overRead more.