Small Business & Individual Tax Briefs
► Why you might want to file early and answers to other tax season questions
► Forms W-2 and 1099-NEC are due to be filed soon
► Tax-saving ways to help pay for college — once your child starts attending
► How the new SECURE 2.0 law may affect your business
► Tax-wise ways to save for college
► Employers should be wary of ERC claims that are too good to be true
► Renting to a relative? Watch out for tax traps
► The standard business mileage rate is going up in 2023
► A Dozen Ways the SECURE 2.0 Law Helps Individuals and Employees
► How to minimize the S corporation LIFO recapture tax
► 2023 Q1 tax calendar: Key deadlines for businesses and other employers
► Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
► Answers to your questions about taking withdrawals from IRAs
► Choosing a business entity? Here are the pros and cons of a C corporation
► Strategies for investors to cut taxes as year-end approaches
► Intangible assets: How must the costs incurred be capitalized?
► Year-end giving to charity or loved ones
► Is your business closing? Here are your final tax responsibilities
► How savings bonds are taxed
► Computer software costs: How does your business deduct them?
► Adopting a child? Bring home a tax break too
► 2023 limits for businesses that have HSAs — or want to establish them
► How inflation will affect your 2022 and 2023 tax bills
► Inflation means you and your employees can save more for retirement in 2023
► You may be liable for “nanny tax” for all types of domestic workers
► Employers: In 2023, the Social Security wage base is going up
► Plan now to make tax-smart year-end gifts to loved ones
► Providing fringe benefits to employees with no tax strings attached
► Social Security Recipients Will Receive a Large Increase in 2023
► Tax and other financial consequences of tax-free bonds
► What local transportation costs can your business deduct?
► Investing in the future with a 529 education plan
► Worried about an IRS audit? Prepare in advance
► Year-end tax planning ideas for individuals
► Work Opportunity Tax Credit provides help to employers
► Don’t forget income taxes when planning your estate
► 2022 Q4 tax calendar: Key deadlines for businesses and other employers
► Seller-paid points: Can homeowners deduct them?
► Separating your business from its real estate
► Is your income high enough to owe two extra taxes?
► Year-end tax planning ideas for your small business
► The Inflation Reduction Act: What’s in it for you?
► Inflation Reduction Act provisions of interest to small businesses
► Home sweet home: Do you qualify for office deductions?
► Self-employed? Build a nest egg with a solo 401(k) plan
► An “innocent spouse” may be able to escape tax liability
► The House and Senate Pass the Wide-Ranging Inflation Reduction Act
► Why an LLC might be the best choice of entity for your business
► Estimated tax payments: Who owes them and when is the next one due?
► Is your business required to report employee health coverage?
► Is your withholding adequate? Here’s how to check
► How to treat business website costs for tax purposes
► How to avoid the early withdrawal tax penalty on IRA distributions
► Three tax breaks for small businesses
► The kiddie tax: Does it affect your family?
► Important considerations when engaging in a like-kind exchange
► Interested in an EV? How to qualify for a powerful tax credit
► The tax obligations if your business closes its doors
► How disability income benefits are taxed
► How do taxes factor into an M&A transaction?
► Vehicle expenses: Can individual taxpayers deduct them?
► 2022 Q3 tax calendar: Key deadlines for businesses and other employers
► Five tax implications of divorce
► Businesses will soon be able to deduct more under the standard mileage rate
► Your estate plan: Don’t forget about income tax planning
► Is your corporation eligible for the dividends-received deduction?
► Social Security benefits: Do you have to pay tax on them?
► Help when needed: Apply the research credit against payroll taxes
► Is it a good time for a Roth conversion?
► Calculating corporate estimated tax
► The ins and outs of Series EE savings bond taxation
► Partners may have to report more income on tax returns than they receive in cash
► IRA charitable donations: An alternative to taxable required distributions
► Businesses: Prepare for the lower 1099-K filing threshold
► Caring for an elderly relative? You may be eligible for tax breaks
► Inflation enhances the 2023 amounts for Health Savings Accounts
► Valuable gifts to charity may require an appraisal
► Businesses may receive notices about information returns that don’t match IRS records
► Want to turn a hobby into a business? Watch out for the tax rules
► The tax mechanics involved in the sale of trade or business property
► Thinking about converting your home into a rental property?
► Tax considerations when adding a new partner at your business
► Once you file your tax return, consider these 3 issues
► Tax issues to assess when converting from a C corporation to an S corporation
► Selling mutual fund shares: What are the tax implications?
► Fully deduct business meals this year
► It’s almost that time of year again! If you’re not ready, file for an extension
► 2022 Q2 tax calendar: Key deadlines for businesses and other employers
► The tax rules of renting out a vacation property
► Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
► When inheriting money, be aware of “income in respect of a decedent” issues
► Establish a tax-favored retirement plan
► Lost your job? Here are the tax aspects of an employee termination
► Does your business barter? Here are some facts you should know
► Are you ready for the 2021 gift tax return deadline?
► Can you deduct the costs of a spouse on a business trip?
► Commission fraud: When salespeople get paid more than they’ve earned
► Married couples filing separate tax returns: Why would they do it?
► Making withdrawals from your closely held corporation that aren’t taxed as dividends
► Did you give to charity in 2021? Make sure you have substantiation
► Important tax aspects of operating your business as a sole proprietor
► The Ins and Outs of IRAs
► Keeping meticulous records is the key to tax deductions and painless IRS audits
► Entrepreneurs and taxes: How expenses are claimed on tax returns
► Numerous tax limits affecting businesses have increased for 2022
► How will revised tax limits affect your 2022 taxes?
► Businesses with employees who receive tips may be eligible for a tax credit
► Defer tax with a like-kind exchange
► 7 Personal Financial Resolutions for 2022
► 2022 Q1 tax calendar: Key deadlines for businesses and other employers
► How are court awards and out-of-court settlements taxed?
► Providing a company car? Here’s how taxes are handled
► Feeling generous at year end? Strategies for donating to charity or gifting to loved ones
► With year-end approaching, 3 ideas that may help cut your tax bill
► Small businesses: There still may be time to cut your 2021 taxes
► New digital asset reporting requirements will be imposed in coming years
► Infrastructure law sunsets Employee Retention Credit early
► Businesses can show appreciation — and gain tax breaks — with holiday gifts and parties
► Many factors are involved when choosing a business entity
► Would you like to establish a Health Savings Account for your small business?
► Employers: The Social Security wage base is increasing in 2022
► Get your piece of the depreciation pie now with a cost segregation study
► New per diem business travel rates became effective on October 1
► 2021 Q4 tax calendar: Key deadlines for businesses and other employers
► M&A transactions: Be careful when reporting to the IRS
► Tax depreciation rules for business automobiles
► Tax breaks to consider during National Small Business Week
► Claiming a theft loss deduction if your business is the victim of embezzlement
► Want to find out what IRS auditors know about your business industry?
► Getting a divorce? Be aware of tax implications if you own a business
► Possible tax consequences of guaranteeing a loan to your corporation
► Large cash transactions with your business must be reported to the IRS
► Don’t Miss These Often-Overlooked Overtime Pay Requirements
► The deductibility of corporate expenses covered by officers or shareholders
► Getting a new business off the ground: How start-up expenses are handled on your tax return
► Who in a small business can be hit with the “Trust Fund Recovery Penalty?”
► 10 facts about the pass-through deduction for qualified business income
► Eligible Businesses: Claim the Employee Retention Tax Credit
► Traveling for business again? What can you deduct?
► 2021 Q3 tax calendar: Key deadlines for businesses and other employers
► Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
► Hiring your minor children this summer? Reap tax and nontax benefits
► The IRS has announced 2022 amounts for Health Savings Accounts
► An S corporation could cut your self-employment tax
► Help ensure the IRS doesn’t reclassify independent contractors as employees
► Providing education assistance to employees? Follow these rules
► Claiming the business energy credit for using alternative energy
► Know the ins and outs of “reasonable compensation” for a corporate business owner
► Simple retirement savings options for your small business
► Tax advantages of hiring your child at your small business
► Need a new business vehicle? Consider a heavy SUV
► Is an S corporation the best choice of entity for your business?
► Business highlights in the new American Rescue Plan Act
► Launching a small business? Here are some tax considerations
► Work Opportunity Tax Credit extended through 2025
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