Most taxpayers do not proactively plan ahead on taxes for the next year. Having a CPA assist before the end of the year can result in a strategy to mi...
Nearly Half of Gen Z Workers Say AI is Making Them Less Intelligent
A new report from GoTo found that nearly 40% of workers feel their overreliance on AI is eroding their skills and making them less intelligent, with 4...
Why Small Businesses Are Going Bankrupt—and How to Avoid It
To help small businesses survive during this current economic climate, a finance expert reveals the five cash-flow traps bankrupting small businesses...
With Odds of a Recession Going Up, Here Are 5 Things Small Businesses Should Do Now
When a downturn hits, small businesses have the shortest runway and take the hardest hit. And that vulnerability is exactly what separates the busines...
Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year
Eligible Hoosiers whose earnings this year include gratuities or overtime will not be required to pay state or county income tax on the money when the...
IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams
A new web page on IRS.gov consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to rep...
About half (48%) of Americans say using AI will have a positive impact on their personal finances while the other 52% disagree, according to a NerdWal...
More Than 2 in 5 Americans Believe Financial Secrets Are at Least as Bad as Cheating, Bankrate Survey Says
Money is an uncomfortable topic for many, yet it’s an important ongoing conversation to have in a relationship. Financial secrets undermine trust. And...
Car Dealers Worry Prices Are Getting Too High for Shaky Economy
America's car dealers are coming to a stark realization: The new vehicles on their lots too often cost too much, and that could create trouble for the...
Social Security Changes in 2026: What Retirees and Workers Need to Know
As 2026 begins, several updates to Social Security rules and benefits are taking effect, such as the full retirement age is now 67 for anyone born in...
Retirement Savers Be Warned: A Tax Break Has Disappeared in 2026
For years, workers nearing retirement could decide whether to take the immediate tax break of pretax savings in their 401(k) plans or build tax-free i...
3 ways businesses are thinking small to win big next year
Small businesses are thinking small to win big! Discover how focusing on specialized tools, deep community relationships, and flexible work creates co...
10 cybersecurity actions you can take before lunch
Transform your business security in minutes, not months. 10 practical cybersecurity steps you can implement before lunch—from passwords to backups. No...
If rising interest rates have made bank loans unaffordable for your business, you're not alone. Get 7 practical alternatives to help you access the ca...
Are you attracting the right employees? 4 perks to start offering today
You don’t need deep pockets to compete with big companies for top talent. Discover 4 cost-effective perks that attract exceptional employees to your s...
Maximizing your charitable donations before year-end: A tax-savvy guide
Contributing to causes you care about not only supports your community and passions but can also offer significant tax benefits. Here’s what you need...
The right entity choice: Should you convert from a C to an S corporation?
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch...
Small businesses: Get ready for your 1099-MISC reporting requirements
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and o...
10 facts about the pass-through deduction for qualified business income
Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-t...
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substan...
Launching a small business? Here are some tax considerations
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these peop...
The importance of S corporation basis and distribution elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur loss...
Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought the...
Some people are required to return Economic Impact Payments that were sent erroneously
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the...
After you file your tax return: 3 issues to consider
The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has b...
Launching a business? How to treat start-up expenses on your tax return
While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new busines...
Business meal deductions: The current rules amid proposed changes
Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that President Trump has p...
There’s still time to make a deductible IRA contribution for 2019
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for...
Business charitable contribution rules have changed under the CARES Act
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable givin...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law...
New COVID-19 law makes favorable changes to “qualified improvement property”
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior pa...
In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing m...
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here ar...
Coronavirus (COVID-19): Tax relief for small businesses
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least som...
Reasons why married couples might want to file separate tax returns
Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation.
It generall...
New law helps businesses make their employees’ retirement secure
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a curre...
Congress gives a holiday gift in the form of favorable tax provisions
As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has...
Technology has made it easier to work from home so lots of people now commute each morning to an office down the hall. However, just because you have...
New law provides a variety of tax breaks to businesses and employers
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to...
Holiday parties and gifts can help show your appreciation and provide tax breaks
At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It&rsqu...
Understanding and controlling the unemployment tax costs of your business
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate...
The chances of an IRS audit are low, but business owners should be prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, t...
Uncle Sam may provide relief from college costs on your tax return
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,...
5 ways to withdraw cash from your corporation while avoiding dividend treatment
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a div...
Getting a divorce? There are tax issues you need to understand
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a minimu...
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the...
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the f...
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return....
Businesses can utilize the same information IRS auditors use to examine tax returns
The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into wha...
Unpredictable cash flow? This guide shows small businesses how to implement subscription pricing for stable monthly revenue. Includes industry example...
The new KPIs of business: Why tracking the right data is your key to success
To ensure long-term success, you must move beyond the "getting things done" mentality and focus on key metrics that reflect your team's efficiency and...
If your business uses contractors or freelancers, you need to ensure they receive the correct tax forms. Our guide breaks down everything you need to...
