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.
New tax reporting requirements for payment apps could affect you
If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year.
2022 tax calendar
Reference this tax calendar to learn 2022 deadlines of various tax-related forms and payments.
Numerous tax limits affecting businesses have increased for 2022
How much can your employees contribute to 401(k) plans this year? How much will your business be able to deduct for business meals, driving expenses and equipment in 2022? Here are the answers to these and other questions about tax inflation adjusted amounts and other changes affecting businesses.
How will revised tax limits affect your 2022 taxes?
How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.
Review your strategic plan … and look ahead
Was your company’s strategic plan a smashing success in 2021? Look carefully at these three areas of the business to answer this question and develop objectives for 2022.