6 Tax-Free Income Opportunities

Tuesday, October 22, 2024
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal income...... Read More

How to Navigate Craft Partnership Agreements and LLC Operating Agreements with Precision

Monday, October 21, 2024
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is that these entities offer federal...... Read More

Businesses should stay grounded when using cloud computing

Friday, October 18, 2024
For a couple decades or so now, companies have been urged to “get on the cloud” to avail themselves of copious data storage and a wide array of software. But...... Read More

Take charge of managing your working capital

Thursday, October 17, 2024
Proactive working capital management is essential to successful business operations. However, on average, businesses aren’t managing their working capital as efficiently as they have in the past, according to a...... Read More

Are You Liable for 2 Additional Taxes on Your Income?

Tuesday, October 15, 2024
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Let’s...... Read More

What's Best for Tax Purposes: Cash or Accrual Method?

Monday, October 14, 2024
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify....... Read More

Is an Adoption Assistance Program Right for Your Company?

Friday, October 11, 2024
There's no universal benefits package for modern businesses. The ideal mix of tax-efficient fringe benefits varies based on factors like company size and employee demographics. One option to explore, if...... Read More

Real-Time Data with Flash Reports

Thursday, October 10, 2024
It usually takes between two and six weeks for management to prepare financial statements that comply with the accounting rules. The process takes longer if an outside accountant reviews or...... Read More

Is Having Remote Workers Hurting Your Company Taxes?

Tuesday, October 08, 2024
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a result, it’s here to stay...... Read More

Understanding Taxes on Real Estate Gains

Monday, October 07, 2024
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of...... Read More