Married couples filing separate tax returns: Why would they do it?
February 16, 2022
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Making withdrawals from your closely held corporation that aren’t taxed as dividends
February 15, 2022
Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there might be ways to get cash out of your corporation without dividend treatment. Here are some approaches.
Take your financial statements to the next level
February 14, 2022
Financial statements should be more than an exercise in compliance. Fit companies put their financials to work for them.
4 ways to show you care about employees’ mental health
February 11, 2022
Many employees want help with mental health support. Here are a few ideas for employers.
Audit disclosures: Why the fine print is important
February 10, 2022
Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them.
Did you give to charity in 2021? Make sure you have substantiation
February 9, 2022
If you’re deducting a charitable contribution on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t yet received a letter for a charitable donation you made in 2021? Here are the rules.
