News & Insights

Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive

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Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea.   Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety C […]

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The IRS Unveils ERTC Relief Program for Employers

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Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC). Most […]

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The Kiddie Tax Could Affect Your Children Until They’re Young Adults

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The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much […]

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Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks

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The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s […]

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Businesses: Do You Have to Comply With the New Corporate Transparency Reporting Rules?

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Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required […]

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