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.
Use proactive measures to manage materials and labor costs
Construction business owners: Are you doing everything you can to manage materials and labor costs in today’s inflationary environment? Here are some strategies to consider.
Social Security’s future: The problem and the proposals
The future of Social Security is in peril. Here’s a look at the current situation and potential solutions.
The IRS clarifies what counts as qualified medical expenses
Can you deduct a gym membership as a medical expense on your tax return? What about nutritional supplements? The IRS recently answered these and other questions.
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
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.
2023 Q2 tax calendar: Key deadlines for businesses and employers
Does this year’s April 18 filing deadline apply to your business? What additional tax deadlines are there for businesses and employers during the second quarter of 2023?
President Biden’s proposed budget includes notable tax provisions
Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal.
U.S. Supreme Court rules against the IRS on critical FBAR issue
In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis.