Self-Employed? Here's How a Solo 401(k) Can Help Build Your Nest Egg
If you're self-employed or own a small business with no employees (other than your spouse), a solo 401(k) can be an excellent option for retirement ...
Are NIL Collectives Breaking IRS Rules? What You Need to Know
In 2023, the IRS Chief Counsel released Memorandum AM 2023-004, which examined whether Name, Image, and Likeness (NIL) collectives, established to ...
How Recent Election Results Could Impact Your Taxes
The outcome of the November 5 election is likely to impact taxes significantly. Many provisions in President-elect Donald Trump’s signature tax ...
Reasons an LLC Might Be the Ideal Choice for Your Business
Choosing the right business structure is a critical decision for any business owner. For many small and medium-sized businesses, a limited liability ...
Understanding the $7,500 Tax Credit for Buying an Electric Vehicle
Electric vehicles (EVs) are becoming more popular, with their share of the U.S. vehicle market rising from 5.9% in 2022 to 7.6% in 2023, according to ...
Help Ensure Your Partnership or LLC Complies with Tax Law
Whether you're structuring a new partnership or updating an existing LLC operating agreement, understanding the tax implications of your decisions is ...
IRS Releases Tax Inflation Adjustments for Tax Year 2025
The IRS has announced the annual inflation adjustments for tax year 2025, as outlined in Revenue Procedure 2024-40. These adjustments will impact ...
Taxes Take Center Stage in the 2024 Presidential Campaign
Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on the candidates’ ...
Year-End Tax Moves to Save Your Small Business Money
With Labor Day behind us, it's time to take proactive steps that may help reduce your small business's taxes for this year and next. A common ...