Trust Fund Recovery Penalty: Who Can It Be Assessed Against?
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund Recovery ...
Strategies to Reduce the Impact of the Net Investment Income Tax
High-income taxpayers often face the burden of paying the Net Investment Income Tax (NIIT) in addition to their regular income tax. The NIIT is a ...
Education Benefits Help Attract, Retain and Motivate Your Employees
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial ...
Achieving the Right Balance of Working Capital
Working capital — the funds your company has tied up in accounts receivable, accounts payable and inventory — is a critical performance metric. ...
Social Security’s Future: The Problem and the Proposals
Recent reports have raised new concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security ...
Before You Scan a QR Code, Make Sure It’s Legitimate
Technology has made seemingly everything fast, convenient and easily accessible. This is certainly true of quick response (QR) codes, those ...
Don't Overlook These Two Essential Estate Planning Strategies
When it comes to estate planning, there’s no shortage of techniques and strategies available to reduce your taxable estate and ensure your wishes are ...
The IRS Clarifies What Counts as Qualified Medical Expenses
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs).
The Tax Advantages of Hiring Your Child This Summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking ...