If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation […]

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, […]

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of […]

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs).

If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax […]

The Internal Revenue Service recently reminded businesses (in News Release 2021-47) of their responsibility to report large cash […]

Providing education assistance to employees is done by many businesses as a fringe benefits so their employees can improve their skills and gain additional knowledge. An employee […]

Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax […]

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business […]

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens […]