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 the ...
Divorcing Business Owners: Mind 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 ...
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 a Parent into a Nursing Home: 5 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 ...
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 ...
Tax Deductions for Individuals Who Travel for Business
Many people travel for their job, some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers ...
What’s in the Fiscal Responsibility Act?
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). ...
Four Tax Challenges You May Encounter When Retiring
If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. ...