Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year end. This can reduce your tax liability. But don’t run afoul of this rule.
The U.S. Department of Labor finalizes the new overtime rule
The U.S. Department of Labor’s final overtime rule goes into effect on January 1, 2020. Will your company be ready?
Setting up a Health Savings Account for your small business
Health Savings Accounts offer a flexible, tax-advantaged option for providing health care coverage. Employers and employees can benefit. Here’s a look at what an HSA could mean for your business.
IRS issues final QBI real estate safe harbor rules
A safe harbor for rental real estate to qualify for the qualified business income deduction is now allowed.
6 ways to ensure your marketing plan drives sales
Top performing companies tend to have marketing and sales departments working in perfect harmony. Here’s how you can make that happen.
Take advantage of the gift tax exclusion rules
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.