Small employers: Don’t forget about the new and improved pension credit
March 14, 2023
Small employers: Is now the time to launch a qualified retirement plan for employees? The SECURE 2.0 Act, signed into law last year, offers some substantial incentives to do so.
Claiming losses on depreciated or worthless stock
March 13, 2023
If you invest in the stock market, you’ve probably owned some losing shares. Here’s how to claim losses on your tax return for depreciated or worthless stock.
IRS final regs expand mandatory e-filing of many information returns
March 10, 2023
Does your organization file 10 or more information returns with the IRS during the calendar year? If so, you may soon be required to file some or all those returns electronically. Details here.
Buying a new business vehicle? A heavy SUV is a tax-smart choice
March 3, 2023
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes. Depreciation rules Business cars are
Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances
February 28, 2023
If you receive a personal injury settlement or award, do you have to pay tax on it? Here are the rules, along with court cases involving two taxpayers who had to pay tax on their settlements.
The three essential elements of taxable wages
February 27, 2023
Employers: Are you staying on top of your payroll tax obligations? Sometimes it helps to review the basics.
