Business

If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023, the self-employment tax is imposed at the painfully high rate of 15.3% on the first $160,200 of net SE income. This includes 12.4% for Social Security tax and 2.9% for Medicare tax. The […]

Once a business is up and running, one fundamental aspect of operations that’s easy to take for granted is billing. Often, a system of various processes is put in place and leadership might consider occasional billing mistakes to be part of the “cost of doing business.” However, to keep your company financially fit, it’s imperative […]

If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a solo 401(k) might seem way out of your reach — only bigger companies can manage one of those, right? Not necessarily. Two ways to contribute With a solo 401(k), the self-employed can make large annual deductible contributions […]

Quick list of Q3 tax deadlines for your business and other employers.

Claiming first year real estate depreciation deductions? Read on to learn about the advantages and disadvantages of doing so.

Are you traveling for business this summer? You may be able to deduct more than you think. Read this blog to find out!

You might want to keep these Dos and Donts in mind when deducting business meal and vehicle expenses for your business.

Read more to learn the advantages to Health Savings Accounts and how much the IRS has announced for contributions for 2024.

Be Careful hiring independent contractors when it comes to the IRS regulations and definitions of what is an independent contractor.

How to use the NOL tax code to make business losses less painful.