Employee health coverage is a significant part of many organizations’ benefits packages. However, when offering health insurance, the administrative responsibilities that accompany it can be complex. One crucial aspect is
Here are key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. It’s important to note that this list isn’t all-inclusive, so there may be additional
When drafting partnership and LLC operating agreements, numerous tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are
With Labor Day behind us, it’s time to take proactive year-end tax planning steps that may help reduce your small business’ taxes for this year and next. The strategy of
A key decision for any business is choosing the right business entity type. The entity you pick can affect your tax bill, your personal liability, and other issues. For many
Partnerships and multi-member LLCs are often used for business and investment activities because they offer tax advantages, specifically with pass-through taxation. However, they also must follow some special and sometimes
When it comes to deciding the method of accounting to use for tax purposes, your organization may have a choice between the cash or accrual method. The cash method often
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of
Prepare yourselves: The upcoming presidential and congressional elections may significantly alter the tax landscape for organizations in the United States. This shift has to do with a tax law that’s
While most businesses have websites these days, the IRS has yet to issue formal guidance on when business website expenses can be deducted. However, there are established rules that generally
