Turn a Summer Job into Tax Savings: Hire Your Child and Reap the Rewards
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why […]
In the News: 3 Updated Fraud Risks
Fraud schemes are always evolving. Once frauds are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals change their tactics. So even if […]
Small Business Alert: Watch Out for the 100% Penalty
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from […]
Discover if you Qualify for “Head of Household” Tax Filing Status
When you prepare your tax return, you’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). […]
FAQs About the Excess Earnings Method in Business Valuation
Valuation professionals use various methods to determine the fair market value of a private business or business interest. One of the more debated techniques is the excess […]
Are You a Tax-Favored Real Estate Professional?
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only […]
Deduct a Loss from Making a Personal Loan to a Relative or Friend
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to […]
Keep Password “Spraying” from Compromising your Network
Cybercriminals are always looking for novel ways to gain unauthorized access to online accounts and IT networks. Password “spraying” is a newer scheme you and your IT […]
6 Essential Tips for Small Business Payroll Tax Compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are six quick […]
Turning Stock Downturns into Tax Advantages
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market […]
