With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
IRS provides additional guidance on bonus depreciation under the TCJA
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?
How to treat your business website costs for tax purposes
Nearly every business has a website and the IRS hasn’t yet released official guidance on the tax treatment of website development costs. However, you can apply existing guidance on other costs. Here’s the story.
How to research a business customer’s creditworthiness
Business customers may appreciate your allowing them to buy on credit. But you won’t appreciate being left holding the bag if they can’t keep up with their payments. Here are a few ways to manage the risk.
Getting a divorce? There are tax issues you need to understand
Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the process of getting a divorce.
The key to retirement security is picking the right plan for your business
There are many retirement plan options for small business owners and their employees. Here’s a quick rundown of three of them.
Some business owners can’t participate in their own companies’ HRAs
Did you know that business owners aren’t always eligible to participate in the Health Reimbursement Arrangements available to their own employees? Read up on the fine print here.
Taking distributions from your traditional IRA
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.
What to do if your business receives a “no-match” letter
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and how to proceed.