Insights

Health Savings Accounts for your small business

Health Savings Accounts for your small business

Small business owners are well aware of the increasing cost of employee health care benefits. As a ...
Tax responsibilities if your business is closing amid the pandemic

Tax responsibilities if your business is closing amid the pandemic

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, ...
New business’ It’s a good time to start a retirement plan

New business’ It’s a good time to start a retirement plan

If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself ...
The 2021 “Social Security wage base” is increasing

The 2021 “Social Security wage base” is increasing

If your small business is planning for payroll next year, be aware that the "Social Security wage base" ...
Understanding the passive activity loss rules

Understanding the passive activity loss rules

Are you wondering if the passive activity loss rules affect business ventures you're engaged in, or ...
The easiest way to survive an IRS audit is to get ready in advance

The easiest way to survive an IRS audit is to get ready in advance

IRS audit rates are historically low, according to the latest data, but that's little consolation if ...
Business website costs: How to handle them for tax purposes

Business website costs: How to handle them for tax purposes

The business use of websites is widespread. But surprisingly, the IRS hasn't yet issued formal guidance ...
Employers have questions and concerns about deferring employees’ Social Security taxes

Employers have questions and concerns about deferring employees’ Social Security taxes

The IRS has provided guidance to employers regarding the recent presidential action to allow employers ...
2020 Q4 tax calendar: Key deadlines for businesses and other employers

2020 Q4 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the ...
5 key points about bonus depreciation

5 key points about bonus depreciation

You're probably aware of the 100% bonus depreciation tax break that's available for a wide range of ...
Oh, no, your original will is missing!

Oh, no, your original will is missing!

In a world that's increasingly paperless, you're likely becoming accustomed to conducting a variety of ...
Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits?

If you're getting close to retirement, you may wonder: Are my Social Security benefits going to be ...
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