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Use the tax code to make business losses less painful
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
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Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
2 min read
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....
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One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial...
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If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of...
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Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This...
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If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or...
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Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However,...
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If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation.
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Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation...
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If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS.
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Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being...
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Owning assets jointly with one or more of your children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it may...
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If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...