Steer Clear of the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at [...]
Businesses: Get Ready for the New Form 1099-NEC
There’s a new IRS form for business taxpayers that pay or receive nonemployee [...]
Businesses: Get Ready for the New Form 1099-NEC
There’s a new IRS form for business taxpayers that pay or receive nonemployee [...]
Even if No Money Changes Hands, Bartering is a Taxable Transaction
During the COVID-19 pandemic, many small businesses are strapped for cash. They may [...]
Why Do Partners Sometimes Report More Income on Tax Returns than They Receive in Cash?
If you’re a partner in a business, you may have come across a [...]
To Find New Revenue Opportunities, Think Like an Auditor
Want to increase your not-for-profit’s revenue? First try analyzing current income as a [...]
Financial Reporting for Nonprofits That Have Teamed Up
Not-for-profits sometimes team up with other entities to boost efficiency, save money and [...]
After You File Your Tax Return: 3 Issues to Consider
The tax filing deadline for 2019 tax returns has been extended until July [...]
Conduct a “Paycheck Checkup” to Make Sure Your Withholding is Adequate
Did you recently file your federal tax return and were surprised to find [...]
Take Advantage of a “Stepped-Up Basis” When You Inherit Property
If you’re planning your estate, or you’ve recently inherited assets, you may be [...]