Important tax aspects of operating your business as a sole proprietor
February 8, 2022
Many small businesses operate as sole proprietorships. Here are eight tax issues involved in operating as this entity.
Requesting a Tax Court review of an IRS employment tax determination
February 7, 2022
Employers: Do you know your recourse if the IRS reclassifies an independent contractor as an employee? Recent guidance addresses the process of petitioning for a U.S. Tax Court review.
The Ins and Outs of IRAs
February 2, 2022
Traditional or Roth IRA? Here are the differences in these retirement savings accounts.
Keeping meticulous records is the key to tax deductions and painless IRS audits
February 1, 2022
A careful approach to keeping business records can protect your tax deductions and help make an IRS audit much less difficult. Here are two cases to illustrate some of the issues involved.
The ABCs of activity-based costing
January 31, 2022
What’s the “true” cost of a product or job? The answer is critical to evaluating your company’s profitability and may be found through activity-based costing.
EBSA increases penalties for ERISA violations
January 28, 2022
Employers that sponsor retirement and health plans: The penalties for violating ERISA have been adjusted for inflation and they’ve all gone up. Details here.
