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If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that you’ll incur a penalty under the Affordable Care Act.

April 14, 2021 / News

Changes to premium tax credit could increase penalty risk for some businesses

If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that you’ll incur a penalty under the Affordable Care Act.

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

April 13, 2021 / News

Home sales: How to determine your “basis”

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.

April 12, 2021 / News

Simple retirement savings options for your small business

Small business owners are sometimes reluctant to set up retirement plans because of the administrative burdens. Here are two options to consider that have less stringent requirements than traditional qualified retirement plans.

The COVID-19 pandemic has accelerated the trend toward allowing employees to telecommute. In turn, effective IT support has become an important contributor to profitability.

April 8, 2021 / News

Providing optimal IT support for remote employees

The COVID-19 pandemic has accelerated the trend toward allowing employees to telecommute. In turn, effective IT support has become an important contributor to profitability.

If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.

April 6, 2021 / News

Who qualifies for “head of household” tax filing status?

If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.

Thinking about hiring your teenager to work in your business? There can be significant tax benefits.

April 5, 2021 / News

Tax advantages of hiring your child at your small business

Thinking about hiring your teenager to work in your business? There can be significant tax benefits.

Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.

March 31, 2021 / News

EIDL loans, restaurant grants offer relief to struggling small businesses

Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.

March 30, 2021 / News

How to ensure life insurance isn’t part of your taxable estate

Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations.

The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.

March 29, 2021 / News

Need a new business vehicle? Consider a heavy SUV

The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.

For business owners, the American Rescue Plan Act contains many provisions of interest. Companies that must provide COBRA coverage should read up on the new 100% subsidy.

March 24, 2021 / News

COBRA provisions play critical role in COVID-19 relief law

For business owners, the American Rescue Plan Act contains many provisions of interest. Companies that must provide COBRA coverage should read up on the new 100% subsidy.