An S Corporation Could Cut Your Self-Employment Tax
If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you are subject to both income tax and self-employment tax. There may
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Defending Your Auto Dealership from Fraud
Although auto sales plunged at the start of the COVID-19 pandemic, they have since rebounded. In fact, some dealerships are reporting record sales in 2021. However, problems remain — including
Still Have Questions After You File Your Tax Return?
Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that
Is a Merger in Your Non-Profit’s Post-Pandemic Plans?
As the COVID-19 pandemic finally seems to be fading in the United States, your non-profit organization may be making plans for its post-pandemic future. Is a merger with another non-profit
Get the Most Value Out of Your CRM Software
The days of the Rolodex are long gone. To connect with customers and prospects, many businesses now rely on customer relationship management (CRM) software. These solutions give users easy access
Protect Your Assets With a ‘Hybrid’ DAPT
One benefit of the current federal gift and estate tax exemption amount ($11.7 million in 2021) is that it allows most people to focus their estate planning efforts on asset
Help Retirement Plan Participants Reduce Withdrawals
Should employers be concerned if their retirement plan participants withdraw money from their accounts for non-retirement purposes? A recent report from the Joint Committee on Taxation (JCT) says yes and
Claiming the Business Energy Credit for Using Alternative Energy
Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there is a valuable federal income tax benefit (the business energy credit)
Assess Your Supply Chain’s Fraud Risk
The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to
Why it is Important to Meet The Tax Return Filing & Payment Deadlines
The May 17 deadline for filing your 2020 individual tax return is approaching. It is important to file and pay your tax return on time to avoid penalties imposed by