Optimizing Tax Strategies Amid Business Losses
Business losses can sting, particularly when they are large and unexpected. However, there are numerous ways the tax code can help mitigate the ...
Financial Insights & Tax Impacts of Short vs. Long-Term Rentals
In the ever-evolving realm of real estate, opting for either short-term or long-term rentals transcends mere convenience; it represents a choice with ...
Tax Implications for Social Security Benefits: What You Need to Know
Understanding the nuances of tax laws, especially those pertaining to Social Security benefits taxation, is necessary for accurate tax preparation ...
Key Tax Tips for Sole Proprietor Startups
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need ...
Employer Tax Deadline Reminder
With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent ...
Tackling Nonprofit Fraud: Awareness and Prevention
Fraud perpetrated through cyberattacks and social engineering has increased significantly over the past few years. Forensic services teams are busy ...
Tax Credit Opportunities for Employers of Tipped Employees
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving ...
Real Estate Gains: Deferring Taxes with Like-kind Exchanges
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is ...
Key 2024 Inflation-adjusted Tax Parameters for Small Businesses
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect ...