Taking CareDiana Ransom Biden's $2.3 Trillion Infrastructure Bill: Cheers for the Business Goodies, Jeers for the Tax Price TagThe massive package promises heaps of opportunities for business owners. Paying for it all is another story.
TaxesSara Mauskopf Why the New Child Tax Credit Is Great for Employers, TooBusiness owners just received a lifeline when it comes to hiring and retaining their parent employees.
Taking CareBrit Morse What You Need to Know About Employee Retention CreditsThe American Rescue Plan extends a key crisis-era tax credit that could get you some serious cash. But you have to act fast.
TaxesCarrie McKeegan The IRS Plans to Audit More Small Businesses This Year. Here's What You Need to KnowDespite a year filled with pandemic-related tax changes, there are solid strategies businesses can put in place to eliminate mistakes and avoid an audit.
TaxesShama Hyder 4 Tax Tips Every Small Business Needs to KnowYour 2020 tax return may look a bit different than it did in previous years.
TaxesKimberly Weisul PPP Loans Are Supposed to Be Tax Free. These 19 States Didn't Get the MemoA handful of states are looking to fix the problem, but you may not like the changes.
Covid Resource CenterDiana Ransom Why Georgia's Senate Runoff Vote Could Be a Win for Small BusinessThe path is clear in Congress for Biden's sweeping agenda, which includes another round of stimulus and a green infrastructure plan.
Tax Guide Business OwnersCarrie McKeegan How Entrepreneurs Can Save on Taxes by Working AbroadSelf-employed Americans living abroad can claim special tax credits and exclusions. Find out how to qualify and how much you can save with each.
PoliticsCameron Albert-Deitch These 17 Ballot Measures Could Reshape Small Businesses Across AmericaVoters in 10 states made decisions that could alter the gig economy, data privacy laws, business taxes, the minimum wage, and the expanding legal marijuana industry.
TaxesJames B. Biagi How Donald Trump Changed Your Taxes--and What Joe Biden Could Do to Unravel It AllA look at what taxpayers can expect under a second Trump administration or a first Biden administration.
TaxesJames B. Biagi The Estate Tax: Unpacking the Current State of PlayWhere this often-debated tax stands for 2020, and how to plan for the future.
SafeguardsDiana Ransom The Good, the Bad and the Ugly of PPP Loan Forgiveness DelaysSome banks aren't even ready to process PPP loan forgiveness applications--nearly a month after the SBA program launched. Why that's going to put a lot of business owners in a bind.
TaxesEric J. Allen 3 Key Takeaways From Donald Trump's Tax ReturnsThe president's returns show a lot of issues. Here are some of the biggest.
TaxesDiana Ransom Why Businesses Should Ignore Trump's Payroll Tax HolidayThe president signed a series of executive orders that are supposed to help Americans. But for business owners, they're another headache to handle.
TaxesJames B. Biagi How Remote Work Changes Your State Income Tax People who live in one state and work in another pay taxes in both. But what happens when you only work from home?
TaxesJames B. Biagi How to Get an IRS Payment PlanFederal taxes are due July 15. Here's how to get a payment plan from the federal government.
SafeguardsJames B. Biagi PPP Loan Forgiveness: What You Need to KnowTake these steps to ensure you're complying with the law.
TaxesJames B. Biagi How the Cares Act Changes Charitable Contribution RulesYour donations to help Covid-related causes can be tax deductible. Here's what you need to know.
TaxesCarrie McKeegan Self-Employed? How to Get a Tax Break on Your New Home OfficeSpent money on a new home office this year? Freelancers and entrepreneurs can use this tax deduction to save on remote work expenses.
TaxesJames B. Biagi Using Retirement Funds to Cover Covid Financial LossesThinking about taking a withdrawal from your retirement plan to cover expenses? Some things to consider.
TaxesJames B. Biagi Be Careful With Cares Act Taxes The Cares Act allows for delay of federal payroll tax payments, but you will still have to make them at some point. Be sure you keep that cash on hand.
Covid Resource CenterEmily Canal You Now Have Until July 15 to File Your Taxes. Here's What Else You Need to KnowThe IRS offers new filing guidelines meant to provide clarity for its historic tax delay. Here's everything you need to know about what it means for your individual and corporate filings.
Cash FlowMartin Crutsinger Many Businesses Can Now Delay Paying 2019 Taxes for 90 Days Past the April 15 DeadlineCorporations will be able to defer payment on up to $10 million and individuals will be able to delay paying up to $1 million in payments.
TaxesBridgette Austin Your Ultimate Guide to Tax Write OffsReview these tax write-offs prior to filing your taxes to save yourself some cash.
TechnologyJason Aten Facebook Is Preparing for a $9 Billion Showdown With the IRSA nearly decade-long battle is about to end up in court, and the outcome could have a dramatic impact on both parties.
TaxesDustin McKissen Rust Belt? What Rust Belt? Northwestern Pennsylvania Recognized as Top Urban Opportunity ZoneOpportunity Zones have brought investment capital, and hope, to economically challenged communities across America.
Icons & InnovatorsMinda Zetlin Amazon Says It Will Pay $1 Billion in Federal Income Tax ... SomedayYou don't pay taxes before you have to, and Amazon doesn't either.
TaxesGene Hammett 4 Common Small Business Tax Mistakes and How to Avoid ThemTaxes strike fear in many entrepreneurs, but what you don't know could hurt you in 2020.
TaxesCarrie McKeegan Attention, Online Retailers: This Supreme Court Ruling Makes Tracking Sales Tax a Nightmare. Here's How to Get ByThe South Dakota v. Wayfair court decision has made tracking sales tax almost impossible for small business owners. Here's how they can survive.
TaxesSharon Poczter Why the Wealth Tax Would Almost Assuredly Slow Startup Growth in AmericaThis buzzy new tax policy is too radioactive to take seriously. But that's not stopping politicians from running with it.
TaxesMinda Zetlin The New IRS W-4 Form Asks Intrusive Questions Your Employees Won't Want to AnswerThose who want to keep that information private have some options.
Cash FlowCarrie McKeegan How to Avoid Common Tax Withholding Mistakes in 2020Review your withholding before the new year to set yourself up for financial success in 2020, avoid penalties, and have extra income to invest.
TaxesGene Marks 5 Tax Moves for 2019 Every Small Business Should Make Right NowHey, it's only 20 to 30 percent of your income, right? No biggie, right?
Cash FlowJoyce M. Rosenberg 3 Purchases or Investments You Can Make to Save Money on Your Business TaxesAny big expenditure should be made because it fits with your ongoing business strategy.
TaxesCarrie McKeegan Everything You Need to Know About 2020 Tax DeadlinesSmall business owners and CEOs can use this guide to keep all the tax forms and deadlines for 2020 in one spot.
TaxesErik Sherman California Finds a New Way to Hurt Entrepreneurs (Besides AB5)Sure, the state wants to make more money. Don't we all? But this is utterly unfair and unreasonable.
TaxesKen Boyd Everything You Need to Know About Paying FICA Taxes as a Self-Employed PersonEveryone pays both FICA taxes and income taxes, but the process is more complicated for the self-employed business owner.
MoneyBenjamin Hardy, Ph.D. This Tax Strategy Can Save Entrepreneurs a Lot of Money and Build Their ConfidenceOver an entrepreneur's lifetime, taxes are one of the biggest expenses. Yet many entrepreneurs don't do much in the way of tax planning.
TaxesMinda Zetlin 15 Percent Tariffs on Consumer Goods From China Start Today. iPhones, Apparel, Milk Are All AffectedMore tariffs are scheduled for December 15.
TaxesCarrie McKeegan Everything You Need to Know About Employee Tax FormsSmall business owners should understand W-9, W-8, W-8BEN, and other employee status self-certification forms in order to avoid problems with the IRS.
TaxesCarrie McKeegan Wondering Where to Incorporate Your Business? Consider These 2 StatesEntrepreneurs may want to operate out-of-state, and Delaware and Wyoming are two of the most tempting states for incorporation.
TaxesSuzanne Lucas Welcome to Tax Hell, Little Earl of SussexPrince Harry and Meghan, Duchess of Sussex's new baby has been cursed by the tax fairy.
TaxesGene Marks The 6 Best 2019 Tax Moves for Your Businesstaxes, tax reform, section 179, capital expenses, small business, work opportunity tax credit, research and development tax credit, estimated taxes, education expenses, tuition expense, 401k,
StrategyMalak Saleh 5 Expert Tips For Protecting Against Tax-Related CybercrimeHere's how to get a head start on protecting your company from future tax-related cybercrime.
TaxesBill Murphy Jr. How Do Some Rich Americans Avoid the High Taxes Their Neighbors Pay? They Pass the 'Teddy Bear Test'Especially this year.
Personal FinanceBobby Lee 4 Things to Do If You're Hit With a Surprise Bill This Tax SeasonIf you end up owing money to the IRS, you have options.
TaxesCarrie McKeegan Tax Reform: What You Need to Know About a Common Business DeductionTax reform eliminated some business expense deductions that small business owners rely on. Here's how to maintain your client engagement and budget.
Personal FinanceMia Taylor Done Filing Your Taxes? Great. Now Do This 1 Important ThingIf you haven't looked at your withholdings in a while, now's the time.
TaxesLance Cothern 4 Common Misconceptions About Taxes, DebunkedEven if you're hiring a professional to do your taxes, it's important to understand a few things about how they work.
TaxesCarrie McKeegan Taxes for Business Owners Are More Complicated Than Ever. Here's What You Need to KnowSmall business owners can avoid tax reform confusion this tax season with a few simple tips and resources.
Tax Guide Business OwnersBarbara Weltman The Ultimate Guide to the New Tax Law for Business OwnersDon't miss out on tax breaks and other ways to minimize your tax bill. Review this rundown of the major changes in store for business owners in the Tax Cuts and Jobs Act of 2017.
TaxesBarbara Weltman At Tax Time, How to Weigh the Benefits of a C Corp vs. an S Corp vs. an LLC vs. a Sole ProprietorshipEach entity has its pros and cons. And taxes may not be your main consideration.
TaxesBarbara Weltman 5 Essential Tax Differences That Separate C and S Corporation FilingsThe Tax Cuts and Jobs Act created new rules that are unique to S corporations and others that are unique to C corporations.
TaxesBarbara Weltman The New Tax Law Has Some Business Owners Ending Their S Election. Should You?Much depends on your specific situation, so weigh the issues, then check with your tax adviser.
TaxesBarbara Weltman 4 Big Changes in Tax Rules for C CorporationsYou'll want to review these changes to avoid tax penalties.