Reminder for Businesses to Register with CalSavers
California has begun their mandate of employer participation in the CalSavers Program. The program’s 3-year phase-in is as follows:
The Importance of S Corporation Basis and Distribution Elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its […]
Taking a Traditional IRA Distribution
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even […]
5 Ways to Take Cash Out of Your Corporation
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as […]
Is Your Business Vulnerable to Identity Theft?
According to data company Dun & Bradstreet, business identity theft increased more than 250% in the first half of 2020. You can thank the […]
Health Savings Account for Your Small Business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of […]
Don’t Make Computer and Equipment Theft Easy
These days, many offices and other workspaces are nearly empty as employees work from home. This can make companies that don’t safeguard their computers, […]
QBI Deduction Basics and Year-End Tax Tip
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through […]
How Series EE Savings Bonds are Taxed
Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe […]
How is Disability Income Taxed?
Many Americans receive disability income. You may wonder . . . if, and how is disability income taxed? As is often the case with […]
