Disabled Family Members May Be Able to Benefit from ABLE Accounts
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for ...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
Is QuickBooks Right for Your Nonprofit?
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still ...
IRS Suspends Processing of ERTC Claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at ...
The Advantages of Using an LLC for Your Small Business
If you operate your small business as a sole proprietorship, you may have considered forming a limited liability company (LLC) to protect your ...
Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking ...
Pocket a Tax Break for Making Energy-efficient Home Improvements
According to the National Weather Service, an estimated 190 million Americans have recently been under heat advisory alerts. That may have spurred ...
IRS Provides Transitional Relief for RMDs and Inherited IRAs
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking ...
Individuals Who Travel for Business May Be Eligible for Tax Deductions
Many people travel for their job — some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers ...