Businesses can provide fringe benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits.
The recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with deductions for energy-efficient construction.
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments.
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers.
Here are some of the key Q4 2022 deadlines affecting businesses and other employers
Sales of electric vehicles (EVs) have increased dramatically in the U.S., if you buy one, you may be eligible for a federal EV tax credit.
Consider a solo 401(k) if you have healthy self-employment income and want to contribute substantial amounts to a retirement nest egg.
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted.
Partnership tax rules and how they are taxed
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs).