An education plan can pay off for your employees — and your business

Monday, June 16, 2025
Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127...... Read More

Businesses considering incorporation should beware of the reasonable compensation conundrum

Friday, June 13, 2025
Small to midsize businesses have valid reasons for incorporating, not the least of which is putting that cool “Inc.” at the end of their names. Other reasons include separating owners’...... Read More

Explore SEP and SIMPLE retirement plans for your small business

Monday, June 09, 2025
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There are a couple of...... Read More

Is your business on top of its tech stack?

Friday, June 06, 2025
Like many business owners, you’ve probably received a lot of technology advice. One term you may hear frequently is “tech stack.” Information technology (IT) folks love to throw this one...... Read More

Turn a summer job into tax savings: Hire your child and reap the rewards

Monday, June 02, 2025
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them...... Read More

Business owners should get comfortable with their financial statements

Friday, May 30, 2025
Financial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners.The truth is each of the three parts of your financial statements is...... Read More

Small business alert: Watch out for the 100% penalty

Monday, May 26, 2025
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation,...... Read More

Weighing the pluses and minuses of HDHPs + HSAs for businesses

Friday, May 23, 2025
Will your company be ready to add a health insurance plan for next year, or change its current one? If so, now might be a good time to consider your...... Read More

Are you a tax-favored real estate professional?

Monday, May 19, 2025
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent...... Read More

How to evaluate and undertake a business transformation

Friday, May 16, 2025
Many industries have undergone monumental changes over the last decade or so. Broadly, there are two ways to adapt to the associated challenges: slowly or quickly.Although there’s much to be...... Read More