News & Insights

Beware of a Stealth Tax on Social Security Benefits

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Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you […]

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Maximize the QBI Deduction Before It’s Gone

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The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of […]

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Better Tax Break When Applying the Research Credit Against Payroll Taxes

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The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit […]

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Independent Contractor vs. Employee Status: The DOL Issues New Final Rule

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The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of the federal Fair Labor Standards […]

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9 Tax Considerations if You’re Starting a Business as a Sole Proprietor

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When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the tax issues involved. Here […]

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