Retirement may seem a lifetime away when teenagers receive their first paychecks. Most young workers are more focused on spending their earnings or saving for immediate goals than planning for retirement. However, those early earnings… Read More »Roth IRA for Teens: How to Start Saving Early
IRS audit rates remain relatively low, but that may provide little comfort if your tax return is selected for examination. While most taxpayers will never face an audit, business owners often have more complex tax… Read More »IRS Audit for Business Owners: FAQs and How to Prepare
Strong investment returns can be a welcome boost to your portfolio, but they may also trigger an unexpected tax bill. The Net Investment Income Tax (NIIT) adds a 3.8% federal tax on certain investment income… Read More »How to Reduce the 3.8% Net Investment Income Tax (NIIT)
After years of hard work, you’ve built a successful small business. Now that it’s time to sell and move on to the next chapter, one important question is how the sale will affect your taxes.… Read More »Installment Sale: How to Defer Taxes When Selling Your Business
Changes taking effect in 2026 could increase alternative minimum tax (AMT) risk for some higher-income taxpayers. If you may be affected, it’s important to consider the AMT before making year-end decisions about when to recognize… Read More »2026 AMT Risk: What Higher-Income Taxpayers Should Know
Understanding the tax implications of cryptocurrency transactions If your small business accepts, spends, pays with, or invests in Bitcoin, Ethereum, or other digital assets, understanding the tax rules is essential. Accurate reporting and detailed records… Read More »Cryptocurrency Taxes for Small Businesses: 2026 Guide
Executives and key employees often receive stock-based compensation in addition to their regular salaries and bonuses. If you receive restricted stock, reviewing the potential tax consequences well before December 31 can help you make informed… Read More »Restricted Stock Tax Planning: What to Do Before Year-End
If you own a closely held C corporation, you may want to withdraw cash from the business for personal use. A dividend is one straightforward option, but it can create an additional tax burden because… Read More »How to Take Money Out of a C Corporation: 5 Tax-Smart Strategies
At first glance, the distinction between a repair and an improvement may seem less important under today’s tax rules. After all, many qualifying capital improvements can now potentially receive a 100% first-year deduction through bonus… Read More »Repair or Improvement? Tax Rules for Property Expenses
Working remotely can provide greater flexibility, expand your employment opportunities and eliminate the daily commute. However, working from a state different from where your employer is located — or spending significant time working from a… Read More »How Working Remotely Can Affect Your State Taxes
Real estate can be an effective way to diversify an investment portfolio, generate rental income and build wealth over the long term. For many investors, however, real estate is not their primary business or occupation.… Read More »Real Estate Investor Tax Planning: Key Strategies to Save on Taxes
Payroll is one of the most important administrative responsibilities for any small business, but it can also be one of the easiest places to make costly mistakes. Errors can result in incorrect employee paychecks, frustrated… Read More »Payroll Tax Mistakes: How to Avoid and Correct Them
