Answers to Common Payroll Questions
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often have questions about their shifting recordkeeping and withholding requirements. Here are some Read More
Jan 30, 2024
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax year — and beyond. Fortunately, no significant unfavorable federal tax law Read More
Nov 21, 2023
Will Your Crypto Transactions Be Reported on a Form 1099?
Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency transactions — especially when it comes to issuing and receiving a Form 1099 for 2023. If you buy something with cryptocurrency, Read More
Oct 06, 2023
Do You Owe SE Tax on Home Rental Income?
If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on your net rental income. In fact, Read More
May 22, 2023
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created the Advanced Manufacturing Project Tax Credit (45X MPTC), which is an incentive for Read More
May 09, 2023
7 Tax-Saving Opportunities for Manufacturers in 2023
After your manufacturing company's 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-saving opportunities available to manufacturers this year? Here are seven Read More
Mar 02, 2023
Tricky Tax Angles to Fringe Benefits
Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the "Great Resignation" and "quiet quitting" where employees do the bare minimum before eventually Read More
Feb 03, 2023
Manufacturers: Be Aware of These 3 Business Tax Provisions Currently in Limbo
Are you up to date on the latest tax law changes that could affect your manufacturing business? Barring further legislation, certain key provisions have expired or have begun to phase out. Here are three that Read More
Jan 18, 2023
8 End-of-Year Tax Planning Strategies for 2022
As the economy marches through the final months of 2022, business owners will face ongoing changes this tax season. Even so, there is still time to take steps to reduce your tax burden. With the Read More
Oct 13, 2022
What Do the New Lease Accounting Standards Mean for Your Business?
For private business owners who have been hearing about a proposed accounting change for lease accounting, a decade of back-burner speculation has come to an end. The new accounting standard, also known as “ASC 842,” Read More
Aug 31, 2022