Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses


Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.

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Being a gig worker comes with tax consequences


Many people turn to “gig” work for additional income. Here are the tax consequences of taking on these jobs.

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The IRS has just announced 2024 amounts for Health Savings Accounts


Does your business provide Health Savings Accounts (HSAs) to employees? The IRS has announced the inflation-adjusted amounts for 2024. Here they are, along with the benefits of HSAs.

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If you’re hiring independent contractors, make sure they’re properly handled


These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS.

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Questions you may still have after filing your tax return


Even if you filed your 2022 tax return by the deadline, you may still have questions. We’re often asked about refund status, how long to keep records and when an amended tax return should be filed. Here are some answers.

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Use the tax code to make business losses less painful


You may have a net operating loss for your business if your deductions for the year are more than your income for the year. Here are the basic rules.

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The IRS clarifies what counts as qualified medical expenses


Can you deduct a gym membership as a medical expense on your tax return? What about nutritional supplements? The IRS recently answered these and other questions.

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Education benefits help attract, retain and motivate your employees


An educational assistance program can be a win-win. Employees value the perk and employers can benefit from a more educated, motivated workforce. Here are the basic tax rules.

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Tax news for investors and users of cryptocurrency


The IRS is asking more questions about cryptocurrency and digital assets and will soon be learning more information about those who invest in and use them.

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4 ways corporate business owners can help ensure their compensation is “reasonable”


C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take.

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