Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time stude...
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of t...
Summer’s for vacation — encourage your workers to take one
Ahh, summer! You’re probably looking forward to time off from work — anything from a long-anticipated trip abroad to a U.S. road trip to a “staycation...
Should you make after-tax, non-Roth 401(k) contributions?
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a tr...
If you’re seeking financing to start or grow a small business, don’t forget to look at loan programs through the U.S. Small Business Administration (S...
Protect yourself from fraudsters impersonating the IRS and other tax scams
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to tric...
Consider your potential charitable deduction before donating artwork
If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how...
What’s a “small business,” and why does it matter?
Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If your organization qualifies as a “sma...
Given the many potential threats to your business’s assets, cash flow and human resources, which types of insurance products and how much coverage do...
Moving to a new state? Review the tax implications first
Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely fr...
Tax identity theft isn’t limited to individual taxpayers — businesses are also targeted through their Employer Identification Numbers (EINs), payroll...
2 retirement plans for small businesses with lean budgets
Most business owners would like to offer their employees a 401(k) retirement savings plan with all the bells and whistles. But for small businesses wi...
Fine-tune your tax withholding after filing your return
Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too littl...
Strategic alliances: Collaborate now, possibly combine later
Even if you aren’t currently preparing to sell your business, you might want to think strategically about your eventual buyer. Sophisticated buyers wo...
