Saver's Credit Can Help You Save for Retirement

Low/moderate-income workers can take steps to save for retirement and earn a special tax credit. Read more about saver's credit.

Ways to Deduct Health Insurance

Health insurance premiums have risen dramatically and are one of the largest expenses that most individuals pay. Learn what is treated as deductible health insurance.

What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
tcja

Major Tax Sunset of TCJA Provisions on the Horizon

In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
Tax Season

Cracking the Tax Code: Your Guide to Tax Jargon

The tax season is full of jargon. In this brief guide, we’ll give you the lowdown on some of the most important terms you should know during tax season.
EIN

Does a Foreign Entity Need a U.S. Identification Number (EIN)?

It is mandatory for foreign entities that are conducting business in the United States to have an Employer Identification Number. Learn more on how to obtain an EIN.
self-employment tax

Understanding Self-Employment Tax

Self-employment (SE) tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. Read more to learn.
8 Steps to Avoid Common Tax and Accounting Mistakes cover

8 Steps to Avoid Common Tax and Accounting Mistakes

Learn the eight common tax and accounting mistakes. As well as insights into why they occur and offering detailed strategies to prevent them.