Does your business provide Health Savings Accounts (HSAs) to employees? The IRS has announced the inflation-adjusted amounts for 2024. Here they are, along with the benefits of HSAs
If you’re hiring independent contractors, make sure they’re properly handled
These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS.
Choosing an entity for your business? How about an S corporation?
There are several choices of entities for a new business venture. What about an S corporation? Here are the advantages.
Many tax limits affecting businesses have increased for 2023
For 2023, high inflation has increased the adjustments the IRS makes annually to certain tax provisions. Here’s how much your employees can contribute to a 401(k) and an HSA this year, as well as other important business tax amounts.
How the new SECURE 2.0 law may affect your business
You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business.
Employers should be wary of ERC claims that are too good to be true
Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.
The standard business mileage rate is going up in 2023
The price of gas is lower than it was a year ago. How does this affect the amount your business can deduct for business driving in 2023? You might be surprised.
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end.
Choosing a business entity? Here are the pros and cons of a C corporation
If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation.