The advantages of using an LLC for your small business
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company…
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Pocket a tax break for making energy-efficient home improvements
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may…
Can you deduct student loan interest on your tax return?
The federal student loan “pause” is coming to an end on August 31 after more than three years. If you…
Receive more than $10,000 in cash at your business? Here’s what you must do
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions…
Yes, you still need an estate plan even if you’re single, without children
There’s a common misconception that only married couples with children need estate plans. In fact, estate planning may be even…
Moving Mom or Dad into a nursing home? 5 potential tax implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one,…
Nonprofits: Special events call for tax planning
Tax reporting may be the last thing on your mind when planning a special fundraising event. But your not-for-profit should carefully…
That email or text from the IRS: It’s a scam!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The…
Traveling for business this summer? Here’s what you can deduct
If you and your employees are traveling for business this summer, there are a number of considerations to keep in…
Good acquisition? Not if your seller’s hiding something
If you’re considering buying a company, fraud may be the last thing on your mind. Unfortunately, you can’t afford to…
Reduce the impact of the 3.8% net investment income tax
High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a…
Before you scan a QR code, make sure it’s legitimate
Technology has made seemingly everything fast, convenient and easily accessible. This is certainly true of quick response (QR) codes, those…