Turn a summer job into tax savings: Hire your child and reap the rewards
April 16, 2025 | Paula Kennedy, EA
Does your child need a summer job? If you own your own business consider hiring them for tax benefits.
Read MoreDoes your child need a summer job? If you own your own business consider hiring them for tax benefits.
Read MoreIn some cases, disability income is taxable by the federal government. In other cases, it isn’t. Here are the rules.
If your business sponsors a qualified retirement plan, such as a 401(k), we have good news: The IRS has extended relief from the “physical presence” requirement related to signatures.
Rather than keeping track of your actual vehicle-related expenses, you may be able to use a standard mileage rate to compute certain tax deductions. But when are individual taxpayers eligible to deduct vehicle-related expenses and what are the amounts for 2022?
If you’re a business owner or executive, you might be taking it a little easy this summer. But don’t take it so easy that you forget about these third-quarter tax deadlines.
If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.
Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.
With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.
Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes.
Starting with the 2022 tax year, filing and receiving 1099-K forms will be much more complicated for many businesses and self-employed individuals.