tax

4 ideas that may help reduce your 2023 tax bill

12/5/2023

Before you know it, 2024 will be here. But until then, there may still be time to reduce your 2023 federal tax liability by taking these steps.

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A company car is a valuable perk but don’t forget about taxes

12/4/2023

For many key employees, the use of a company car is a cherished perk. But before you hand over the keys, make sure you understand the federal tax rules.

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Don’t forget to empty out your flexible spending account

11/28/2023

If you have a flexible spending account, you may want to use up the money before the ball drops on New Year’s Eve. Here’s why.

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There still may be time to reduce your small business 2023 tax bill

11/27/2023

The holiday whirlwind has begun. There may be ways your small business can save on 2023 taxes. But you must act fast.

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Key 2024 inflation-adjusted tax amounts for individuals

11/21/2023

Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments. The IRS recently announced the amounts for 2024.

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Key 2024 inflation-adjusted tax parameters for small businesses and their owners

11/20/2023

Before you know it, 2024 will be here. The IRS recently announced inflation-adjusted amounts for next year that are relevant to small businesses.

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

11/14/2023

If you need cash, you may want to tap your traditional IRA. But if you’re not yet 59½, you may have to pay a penalty tax if you do. Here are 11 exceptions to the penalty.

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A cost segregation study may cut taxes and boost cash flow

11/13/2023

Ever heard of a cost segregation study? It’s a strategy that can yield tax benefits, but it’s not the right move for every business. Here’s how it can help accelerate depreciation deductions on the building that houses your enterprise.

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What you need to know about restricted stock awards and taxes

11/7/2023

Perhaps you receive executive compensation in the form of restricted stock awards. Here’s how these awards work, how they’re restricted and an explanation of the tax ramifications.

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Choosing a business entity: Which way to go?

11/6/2023

Choosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the considerations.

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