Getting a Divorce? Be Aware of Tax Implications If You Own a Business
If you’re a business owner and you're getting a divorce, tax issues can complicate matters. The best thing you can do to avoid surprises is plan ahead.
Should You Opt Out of the Advance Child Tax Credit?
Have children under the age of 18? By now, you likely have received your first advance child tax credit payment, either by check or by direct deposit.
Is an S Corporation the Best Choice of Entity for Your Business?
Thinking about starting a business with partners? Not sure what type of entity to form? An S corporation could be the best form of business for you.
Can Employees “Cash-Out” Their Transportation Fringe Benefits?
Not everyone will be heading back to the office post-pandemic. Among many issues raised by this development is the impact on transportation fringe benefits.
Tax breaks to consider during National Small Business Week
Before Dec. 31, you may want to make some tax moves to save on 2021 taxes. Here are a few strategies.
The Tax Implications if Your Business Engages in Environmental Cleanup
If your company faces the need to “remediate” or clean up environmental contamination, take a breath—all is not lost! Unexpected expenses are always worrisome, but there are ways to mitigate those losses.
What's a Reasonable Salary for a Corporate Business Owner?
Own an incorporated business? There’s a tax advantage to taking money out of a C corporation as salary, not dividends. But it must be a reasonable salary.