Set Up an HRA for Your Team? Don’t Forget This Annual IRS Fee If you’ve set up a 105-HRA , QSEHRA  (Qualified Small Employer Health...

It can happen more easily than you’d think—especially if you have a solo 401(k)  or another type of self-employed retirement plan . If...

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...