Want to turn a hobby into a business? Watch out for the tax rules
May 6, 2022
Coin collecting, photography, painting, writing, horse breeding and crafts are just some of the hobbies that taxpayers turn into businesses. Can they deduct the losses they incur on their tax returns?
The tax mechanics involved in the sale of trade or business property
May 4, 2022
The tax treatment of the sale of business assets can be complex. Here’s an overview.
Form I-9 is changing; comments requested by May 31
May 2, 2022
Every employer that’s ever hired anyone has had to deal with Form I-9. Recently, a federal agency proposed several notable changes to this critical piece of documentation.
Tax considerations when adding a new partner at your business
April 28, 2022
If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead.
Tax issues to assess when converting from a C corporation to an S corporation
April 27, 2022
If your business operates as a C corporation, you may save tax by becoming an S corporation. Here’s a rundown of four issues to consider when converting from C corporation to S corporation status.
Renewing your commitment to employee performance reviews
April 22, 2022
Employers: Are your employee performance reviews slipping into a vague, tedious and ultimately ineffective process? Don’t let it happen!
