Are you liable for two additional taxes on your income?
August 27, 2024
Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax.
Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision
August 26, 2024
If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points.
Working remotely is convenient, but it may have tax consequences
August 23, 2024
For some employees who work remotely, the financial reality can be taxing. Here’s what to expect if you have a job but you don’t go to a physical office.
Review real-time data with flash reports
August 20, 2024
Want more timely financial data? Consider using “flash reports” to get a simplified snapshot of key financial metrics on a daily or weekly basis.
Cash or accrual accounting: What’s best for tax purposes?
August 19, 2024
Choosing between the cash method of accounting and the accrual method for tax purposes can impact your tax situation. But not all businesses qualify for both methods.
Employers with health care plans should keep HIPAA risks in mind
August 16, 2024
Every employer that sponsors a health care plan must follow HIPAA’s rules for updating and distributing a Notice of Privacy Practices. Important details here.
