Cash vs. accrual accounting: What’s the difference?
March 8, 2024
Is your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.
A job loss is bad but the tax implications could make it worse
March 7, 2024
Losing your job doesn’t mean putting tax issues in the rear-view mirror. There can be tax implications to a layoff or termination. Be aware of these three areas.
Better tax break when applying the research credit against payroll taxes
March 5, 2024
Even if your startup business has little or no income tax liability, you may be eligible for a payroll tax credit election for increasing research activities. This tax break got better under the Inflation Reduction Act.
Employers now have guidance on emergency savings accounts
March 1, 2024
Employers: If you’re looking for an exciting new addition to your benefits package, consider offering “pension-linked” emergency savings accounts under your qualified retirement plan.
New option for unused funds in a 529 college savings plan
February 29, 2024
It’s not unusual for parents to end up with unused funds in their children’s 529 college savings plans. There’s a new option that allows them to transfer unused funds in a 529 plan to a Roth IRA. Here are the details.
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
February 27, 2024
As you may know, dividends paid out by a corporation are taxable to shareholders and can’t be deducted by the business. But there may be ways to get cash out of your closely held corporation without dividend treatment.
