Federal Corporate Transparency Act (CTA)

Thursday, January 25, 2024
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). ... Read More

Tax-favored Qualified Small Business Corporation status could help you thrive

Wednesday, January 24, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea.... Read More

IRS E-Filing Threshold Drops To 10 For W-2s, 1099s

Thursday, January 11, 2024
Do you e-file your W-2s and 1099s? You might have to start, thanks to the new IRS e-filing threshold.... Read More

The standard business mileage rate will be going up slightly in 2024

Wednesday, January 10, 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.... Read More

2024 Q1 tax calendar: Key deadlines for businesses and other employers

Wednesday, December 20, 2023
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. ... Read More

Giving gifts and throwing parties can help show gratitude and provide tax breaks

Wednesday, December 13, 2023
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties.... Read More

4 ideas that may help reduce your 2023 tax bill

Wednesday, December 06, 2023
If you’re concerned about your 2023 tax bill, there may still be time to reduce it.... Read More

11 Exceptions to the 10% penalty tax on early IRA withdrawals

Wednesday, November 15, 2023
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. ... Read More

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