Small Business – Page 5

Qualified Small Business Stock: Do You Qualify for Its Taxable Gain Exclusion?

October 9, 2024

IRC Sec 1202, Qualified Small Business Stock (QSBS) gain exclusion, provides a significant tax planning strategy. Sec 1202 was enacted in 1993 to encourage investment in small businesses. It allows individuals to avoid paying taxes on up to 100% of the taxable gain recognized on the sale of qualified small business stock (QSBS) of a C corporation.

Unlock the Secrets: How Political Donations Can Impact Your Taxes

October 4, 2024

In the intricate world of tax law, political donations occupy a unique space, blending civic engagement with financial implications. As taxpayers consider supporting their preferred political causes or candidates, understanding the tax aspects of these contributions is crucial.

What Employers Can Do About Missing 401(K) Plan Participants

September 25, 2024

Employers that sponsor 401(k) plans often lose touch with participants who leave their organizations. If this sounds familiar, there are some steps you can take to locate these individuals.

Naming Your IRA Beneficiary - More Complicated Than You Might Expect

September 23, 2024

The decision concerning whom you wish to become your IRA beneficiary is critically important. Click to learn more about what this decision affects.

Embracing Your Next Chapter: A Guide for Retirees Returning to Work

September 20, 2024

We aim to help you navigate the tax implications, understand changes to retirement accounts, and make informed decisions about your social security income.