Businesses in economically distressed communities often struggle to secure the capital they need for expansion, equipment, facilities, and other growth investments. The New Markets Tax Credit (NMTC) was designed to change that by incentivizing private […]
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Mutual funds make diversifying your portfolio simple — one purchase spreads your money across dozens or even hundreds of holdings. But while buying in is easy, the tax treatment of mutual funds is anything but […]
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Employees complete Form W-4, “Employee’s Withholding Certificate,” to let you know how much federal income tax to pull from their paychecks. Most submissions are straightforward, but every so often you’ll run into something that gives […]
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Have you already donated to charity this year? Thinking about making additional contributions before December 31? If so, understanding the latest tax rules is essential. The right strategy can help you maximize your deduction — […]
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A robust benefits package is one of the best tools for attracting and retaining top talent. For employees with children, employer-provided child care is one of the most valued perks — but for many small businesses, the […]
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BEFORE YOU SPEND YOUR WINNINGS, UNDERSTAND THE TAX RULES It’s natural to get caught up in the thrill of a big win. But under federal tax law, lottery prizes, gambling winnings, and most other awards […]
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What Should I Do If I Receive a Tax Notice? If your business receives a tax notice from the IRS or state tax authorities, don’t ignore it. Carefully review the notice as it may concern: […]
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The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, maintains federal income tax rates between 10% and 37%. The key for tax planning is understanding your marginal tax rate—the rate applied […]
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One of the first decisions small business owners face is choosing an accounting method for federal income tax purposes. While larger companies must use the accrual method, qualifying small businesses may elect the cash method. […]
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Many retirees wonder whether their Social Security benefits will be taxed. While the new “senior deduction” offers some relief, the actual taxability of benefits depends on your provisional income, overall income, and IRS thresholds. Let’s […]
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