Self-Employment Tax: A Refresher on How it Works
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare […]
BOI Reporting Requirements Paused Again as of 12/27/2024
In a surprising turn of events, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction that halts the enforcement of beneficial […]
U.S. Appeals Court Reinstates Beneficial Ownership Information Reporting Requirement
In a significant legal development, a […]
BOI Reporting Deadline Extension Proposed in House Budget Bill
Good news for small businesses: The deadline for […]
To File or Not to File: Navigating BOI Reporting After the Texas Injunction
The landscape of compliance with the […]
The Amount You and Your Employees Can Save for Retirement is Going Up Slightly in 2025
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that […]
From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can […]
How Can You Build a Golden Nest Egg If You’re Self-Employed?
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This […]
With Reporting Deadline Imminent, Court Puts BOI Reporting on Hold
In a groundbreaking decision, a federal […]
