Many businesses engage in cleaning up environmental contamination. Unfortunately, every type of environmental cleanup expense cannot be currently deducted on your tax return. Here are the basic rules.
Bridging the gap between budgeting and risk management
Business budgets often perform well for a while but suddenly drop off a cliff when something unexpected happens. Proper risk management can prevent this.
Business year-end tax planning in a TCJA world
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Using your 401(k) plan to save this year and next
Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the just-announced limit for 2020.
It’s not too late to trim your 2019 tax bill
If you’re concerned about your 2019 tax liability, consider these year-end tax planning opportunities.
Thinking about converting from a C corporation to an S corporation?
These are several factors to consider when a business converts from C corporation to S corporation status. Here is what you should understand.
A shadow board could shed light on your company’s best future
Many companies fumble around in the dark when it comes to buying trends and the latest technology. A shadow board of younger employees can spark helpful insights and ideas.
Selling securities by year end? Avoid the wash sale rule
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?