Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be […]
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions […]
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, […]
Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to handle […]
Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These […]
Today’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a […]
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. […]
At first glance, the word “concentration” might seem to describe a positive quality for any business owner. You need to concentrate, right? Only through laser […]
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra […]
