Now is a good time to consider year-end moves that can help reduce your business’s 2024 taxes. The effectiveness of a particular action depends on the circumstances of your business. Here are several tax-saving possibilities. Time Income and...
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Health Savings Accounts (HSAs) are tax-advantaged savings vehicles for funding health care expenses not covered by insurance. And for those in relatively good health, they also may serve as attractive retirement savings vehicles. To be eligible...
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Retirement Saving Options for Your Small Business. There’s still time to see tax savings on your 2023 tax return by establishing and contributing to a 2023 SEP, right up to the extended due date of the return.
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The 2023 individual income tax return filing season will open soon. Even if you typically don’t file until the deadline, consider filing earlier this year.
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If you’re self-employed and run your business from home, or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. The pandemic changed the landscape of work for a lot...
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You may face tax implications due to your changed personal and professional circumstances.
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Nearly $1.5 billion in refunds remain unclaimed because some people haven’t filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.
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As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their important tax documents before filing a tax return. You should have received a Form W-2, Wage and Tax Statement, from each of your...
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If you’ve recently started a business – or are thinking about starting a business – you should know that as an owner, all eligible costs incurred before you began operating the business are treated as capital expenditures.
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