Understanding potential tax consequences of personally guaranteeing a loan to your closely held corporation is important before any decisions are made. If the corporation defaults, for example, you as the
Receiving a letter from the IRS can feel intimidating and unsettling for many taxpayers. Official letters with the IRS seal can make the receiver wonder if they made a mistake
Delivering great products or services to your customers is just the beginning of running a successful business. Prioritizing strong recordkeeping practices for your business could mean the difference between successfully
Are you age 50 or older? If so, you’re eligible to boost your retirement savings through additional “catch-up” contributions to your tax-advantaged retirement account(s). These extra contributions can provide more
The One Big Beautiful Bill Act (OBBBA) brought a lot of new changes when it was enacted in July. One of those changes alters how tip income and overtime income
You may find yourself facing challenging and unique spousal tax issues if you and your spouse operate a profitable unincorporated small business together. The Partnership Issue An unincorporated business with
The One Big Beautiful Bill Act (OBBBA) included a major tax change for business with research and experimental expense (R&E) when it was enacted on July 4, 2025. The OBBBA
During back-to-school season, the focus is usually students returning to the classroom for a new school year. Parents gear up by purchasing their children new school supplies, backpacks, and clothes
Small business stock investments can help diversify your portfolio—and now, it may come with even greater tax advantages. Under the One Big Beautiful Bill Act (OBBBA), signed into law in
Divorce is challenging in any situation, but, divorcing as a business owner can be especially complex. A business interest is often one of the most valuable personal assets, which in
