Hiring Your Minor Children For Summer Jobs
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job [...]
After Filing Your Taxes, What Records Can You Toss?
If you’ve filed your recent tax return, you may want to do some spring cleaning, starting with tax-related paper clutter. Paring down is good. Just be [...]
Slim Your 2021 Tax Bill By Fattening Your IRA
If you didn’t get around to contributing to an IRA in 2021 and you’re looking for ways to lower your tax bill, you may still have [...]
4 Ways To Withdraw Cash From A Corporation
Owners of closely held corporations often want or need to withdraw cash from the business. The [...]
Being Prepared For An IRS Audit
The IRS recently announced it intends to hire thousands of new employees as part of a [...]
Curtailing Cryptocurrency Tax Surprises
As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the [...]
A Tax Quirk of Being a Business Partner
If you’re a partner in a business, you may have encountered a situation that gave you [...]
Budgeting for baby
Babies bring joy and excitement. They also bring substantial adjustments to the family budget! According to [...]
Businesses can still deduct 100% of restaurant meals
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside 2020’s Consolidated [...]