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 ...
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 ...
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 ...
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 ...
Are You Liable for Two Extra Taxes This Year?
A high income could subject you to two extra taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% additional Medicare tax on wage and ...
IRS Changes Let You Keep Cash in Your 401(k) Longer
The IRS recently published new regulations for taxpayers subject to the "10-year rule" for required minimum distributions (RMDs) from inherited IRAs ...
NIL Rule Changes: Tax Impacts for Schools Explained
The college athletics landscape is undergoing a significant transformation, particularly with introducing Name, Image, and Likeness (NIL) ...
Summertime Activities That Can Yield Tax Savings
As summer, a season often associated with relaxation and fun comes to a close, it's important to remember that it's not too late to capitalize on ...
Boost Your Bottom Line by Understanding Your Internal Audit
For many, the word "audit" conjures up images of tax auditors camping out in dark offices or reading intimidating letters from the IRS. However, an ...