Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions.
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.
Strategies for investors to cut taxes as year-end approaches
The end of the year is a good time to examine your portfolio for tax purposes. Here are some strategies that may save you taxes.
Year-end giving to charity or loved ones
Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones.
Act now to reduce your business’s 2022 tax bill
As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies.
How inflation will affect your 2022 and 2023 tax bills
Many people are feeling the squeeze of inflation. What does this mean for your federal tax bill? Here’s what the inflation-adjusted amounts will be for several provisions in 2023, as compared with 2022.
5 steps to take now to cut your 2022 tax liability
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.
Reviewing 10 tax accounting methods for construction companies
Construction companies can use various accounting methods for tax-reporting purposes. Here’s a handy review of 10 of the most widely used approaches.