The Social Security wage base for employees and self-employed people is increasing in 2024

Tuesday, November 07, 2023
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).... Read More

Business automobiles: How the tax depreciation rules work

Wednesday, October 18, 2023
Do you use an automobile in your trade or business? ... Read More

What are the tax implications of winning money or valuable prizes?

Wednesday, October 11, 2023
If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations!... Read More

Evaluate whether a Health Savings Account is beneficial to you

Wednesday, October 04, 2023
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it.... Read More

2023 Q4 tax calendar: Key deadlines for businesses and other employers

Wednesday, September 27, 2023
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023.... Read More

Plan now for year-end gifts with the gift tax annual exclusion

Wednesday, September 13, 2023
Now that Labor Day has passed, the holidays are just around the corner.... Read More

Update on depreciating business assets

Wednesday, September 06, 2023
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets.... Read More

Selling your home for a big profit? Here are the tax rules

Wednesday, August 30, 2023
Many homeowners across the country have seen their home values increase in recent years. ... Read More

A tax-smart way to develop and sell appreciated land

Wednesday, August 23, 2023
Let’s say you own highly appreciated land that’s now ripe for development.... Read More

The advantages of using an LLC for your small business

Wednesday, August 09, 2023
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. ... Read More