How renting out a vacation property will affect your taxes
March 19, 2024
Many people who own vacation homes rent them out to earn extra income. Even better, renting them out may provide tax breaks. Here are the rules.
Beware of a stealth tax on Social Security benefits
March 12, 2024
Many retirees are surprised to find out that some of their Social Security benefits are hit with federal income tax. Will you be one of them? Here are the rules.
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.
