This comprehensive guide will cover various strategies and deductions available to small business owners.

The landscape of tax legislation in the United States has been marked by constant evolution, with changes often reflecting the broader...

This guide will help you understand and manage payroll taxes effectively to ensure legal compliance.

Tax season isn’t just about paperwork and deadlines for American taxpayers. It's also an opportunity for businesses to get creative and...

One fundamental financial practice that often gets overlooked yet holds immense importance is the separation of personal and business...

Here, we examine litter taxes in-depth, comparing them to deposit laws, exploring case studies, and looking at their effectiveness and...

In remote work, an employee working from a different state can create a nexus, making the employer liable for additional state taxes where..

This article explores the factors that could lead to an IRS audit for small and medium-sized businesses (SMBs) and provides practical tips..

We will delve into each of the eight common tax and accounting mistakes, providing insights into why they occur and, more importantly...

Starting Jan. 1, 2024, businesses must electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a...

The Internal Revenue Service has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement...

Key Findings From the 2024 State Business Tax Climate Index.

Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have...

Every business – large and small – needs a business succession plan.

Many small businesses do their books or hire inexperienced staff to cut costs. While this may seem like a cash saving in the short term...

If you are the recent beneficiary of an inheritance, you may wonder if you must pay tax on the cash, stocks, or real property you received.

It is not uncommon for employers to misclassify employees as independent contractors to avoid their withholding and tax responsibilities...

When a self-employed individual makes a business trip outside of the U.S., and the trip is 100% devoted to business, all of the ordinary...

Tax law includes several tax and financially favored benefits that employers can offer or provide to their employees.

Financially, keeping the family employed rather than hiring strangers makes more sense, provided the family member is suitable for the job.