tax
The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want…
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The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and the adjustments are announced earlier…
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Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations.…
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Since the passing of the TCJA in 2018, most states have given pass-through entities (PTEs) the option to pay the state income tax at the entity level instead of at…
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Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how…
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Interested in LTC insurance? Consider a tax-free exchange Long-term care (LTC) insurance can help cover the expenses if you or a loved one requires an extended stay at a nursing…
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After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes.…
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The tax code allows you to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than you think. In a…
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Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal…
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There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners are planning to admit a new…
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