Here’s a recent update on the Employee Retention Credit (ERC) and the new IRS payback scheme: New IRS ERC Payback Program The IRS...

The clock continues to tick... Here are the upcoming deadlines for filing your Business Ownership Information (BOI) reports with the U.S....

Does your business classify workers as independent contractors instead of employees? You should know that the U.S. Department of Labor is...

K Early withdrawals from a traditional IRA before age 59½ generally incur a 10% penalty tax on the taxable portion of the withdrawal....

As you consider the process of shutting down your S corporation, it is crucial to understand the federal income tax implications that...

As you may already be aware, there is a contradiction in the tax laws regarding personal living expenses, specifically personal meals and...

As you consider shutting down your sole proprietorship or your single-member LLC treated as a sole proprietorship for tax purposes, it’s...

Self-employment taxes are substantial, and most people want to minimize them. Self-employed taxpayers often avoid self-employment taxes...

One significant tax benefit of owning residential rental property or non-residential commercial or investment property is depreciation—a...