A strong revenue year is a major achievement for any small business owner. However, higher profits can also lead to a larger income tax bill. If your business is heading toward an especially profitable year,… Read More »How Small Businesses Can Reduce Taxes Before Year-End
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 »How Working Teens Can Build Wealth With a Roth IRA
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 Audits: What Business Owners Should Know
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 »Net Investment Income Tax: Thresholds, Rules and Tax-Saving Strategies
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 »How an Installment Sale Can Help Reduce or Defer Taxes
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 »Higher 2026 AMT Risk: Tax Planning Strategies to Consider
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 »How Cryptocurrency Transactions Affect Your Small Business Taxes
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 and Taxes: What Executives Should Know
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 »5 Ways to Withdraw Cash From Your C Corporation Tax-Efficiently
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 depreciation. But… Read More »2026 Tax Planning: When Can You Deduct Repairs and Improvements?
