2 min read
Understanding the $7,500 federal tax credit for buying an electric vehicle
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
We have prepared a selection of frequently asked questions.
2 min read
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
3 min read
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
2 min read
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
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Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a...
2 min read
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s...
2 min read
Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional...
2 min read
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each...
2 min read
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole...
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After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
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There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
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It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...
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Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
2 min read
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...