Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C
If you earn income as a freelancer, independent contractor, or from a side gig, you'll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.
Why adding children to your bank account or home deed could be a bad idea
Adding your kids to your bank account or home deed can create a host of legal, financial, and tax issues that can leave you and your loved ones vulnerable to significant risks and losses. Learn about the issues and alternative solutions to help you achieve your estate planning goals.
Decoding the Family and Medical Leave Act: a look at employee thresholds and leave provisions
Do you know if your employees are eligible for FMLA leave? In this article, get the inside scoop on the employee thresholds and leave provisions.
Married and tax-savvy: evaluating your filing options
Discover the key considerations when deciding whether to file taxes jointly or separately as a married couple, including the impact of state laws, deductions, and retirement account savings. Make an informed decision to minimize your tax liability and maximize your financial benefits.
New proposal aims to boost electric vehicle purchases through tax credits
Starting in 2024, tax credits for electric vehicles could be transferred to dealers, reducing the vehicle's purchase price. The proposal aims to expand EV adoption by offering immediate financial benefits and broadening the pool of eligible consumers.
IRS declares a moratorium on processing new employee retention credit claims
IRS declares immediate moratorium on processing new claims for Employee Retention Credit due to concerns of scams and improper claims, urging businesses to seek advice from trusted tax professionals.
Navigating the future of student loan repayment
Get ready for the end of the student loan payment suspension and discover the new SAVE plan, a restructuring of student loan repayments that offers expanded eligibility, reduced payments, and greater income protection.
Inheriting an IRA, but not from your spouse? Here’s what you need to know.
While inheriting an IRA can be a boon, it's crucial to understand the rules governing it to avoid unnecessary taxes or penalties.
The home office deduction: myths and must-knows
The home office deduction offers a valuable tax break for the self-employed, freelancers, and independent contractors. Learn about the deduction and how it may reduce your tax liability.
Moore v. United States: a crucial test of taxing unrealized gains
In the landmark case of Moore v. United States, the taxation of unrealized gains will be tested, with far-reaching implications for taxpayers. Discover how this crucial legal battle could change the way investment income is taxed and what it means for your financial future.
Proactively identifying and addressing employee burnout
Employee burnout can have devastating effects on your business, leading to increased turnover, decreased productivity, and low employee satisfaction. This article provides valuable insights on how to proactively identify and address burnout, offering practical solutions to promote a positive work environment and improve overall team performance.
LLC liability: situations that could compromise your personal assets
Is your LLC really protecting your personal assets? Learn about the situations where an LLC may not fully safeguard your assets and discover practical measures to avoid them.