Receive more than $10,000 in cash at your business? Here’s what you must do
August 10, 2023
Some businesses receive large amounts of cash. Depending on the amounts, they may be required to report the transactions to the IRS.
Can you deduct student loan interest on your tax return?
August 8, 2023
If you are resuming student loan payments soon, be aware that interest is deductible for some borrowers subject to certain limits. Here are the rules.
Extreme weather may lead to more 401(k) hardship distribution requests
August 7, 2023
Employers: How’s the weather been in your neck of the woods? If you’ve had severe storms and sponsor a 401(k) plan, you may have participants requesting hardship distributions.
Pocket a tax break for making energy-efficient home improvements
August 2, 2023
Have you heard there’s an enhanced tax credit for making energy-efficient home improvements, beginning this year? Here are the rules.
The advantages of using an LLC for your small business
July 31, 2023
You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corporation or a partnership. Here are the advantages of operating as a limited liability company (LLC).
