by Megan Kosciolek, MST | Nov 9, 2023 | Blog
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose most or all of their value if the price of the underlying stock takes a...
by Megan Kosciolek, MST | Oct 30, 2023 | Blog, Business, Tax, Uncategorized
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax....
by Megan Kosciolek, MST | Oct 4, 2023 | Blog, Business, Tax, Uncategorized
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other...
by Megan Kosciolek, MST | Sep 27, 2023 | Tax, Uncategorized
This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible...
by Megan Kosciolek, MST | Sep 14, 2023 | Business, Tax, Uncategorized
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless...
