The Tax Filing Deadline Is Drawing Near cover

The Tax Filing Deadline Is Drawing Near

Filed your 2022 tax returns? April 18 is the tax-filing deadline. Make sure to file your return or file for an automatic extension by this date.
S Corp Stockholders Must Take Reasonable Compensation cover

S Corp Stockholders Must Take Reasonable Compensation

S corporation compensation is often misunderstood and abused. If stockholders work in the business, they must take reasonable compensation as wages.
Changes in Section 174 Mean You Should Review Your R&E Strategy cover

Changes in Section 174 Mean You Should Review Your R&E Strategy

Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.
Many Taxpayers Could See Smaller Tax Refunds This Year cover

Many Taxpayers Could See Smaller Tax Refunds This Year

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..
Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse? cover

Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?

Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!
Gig Work Can Have Tax Consequences You Never Considered cover

Gig Work Can Have Tax Consequences You Never Considered

Gig work brings a newfound sense of freedom but also a number of potential disadvantages. This will become especially apparent when it comes to tax season.