With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps in preparation for next year.
Tax considerations when adding a new partner at your business
If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead.
Congress eyes further retirement savings enhancements
SECURE 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version.
Fully deduct business meals this year
Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.
2022 Q2 tax calendar: Key deadlines for businesses and other employers
Does this year’s April 18 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2022?
The IRS again eases Schedules K-2 and K-3 filing requirements for 2021
The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021.
Are you ready for the 2021 gift tax return deadline?
April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2021 gift tax return this April. (Note: you may want to file one anyway).
Married couples filing separate tax returns: Why would they do it?
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Important tax aspects of operating your business as a sole proprietor
Many small businesses operate as sole proprietorships. Here are eight tax issues involved in operating as this entity.