How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments […]
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages […]
Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the […]
You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among […]
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are […]
Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the […]
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for […]
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE […]
The business entity you choose can affect your taxes, your personal liability and other issues. A limited liability company (LLC) is somewhat of a […]
