When selling property used in your trade or business, it’s important to understand the tax implications involved. Rules that could apply can be quite complex, so for simplicity, we’ll focus
Here are some of the important tax deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may
With school being out for the summer, you may be employing your child to work at your business. In addition to providing business knowledge for your child, there could also
The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for calculating it. You want your organization
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation. To allow employers to get ready
The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations. Selecting the appropriate business entity significantly impacts multiple factors, including your tax obligations. In some
After experiencing a decline in 2023, merger & acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, your goal is to have the best possible
If you’re planning to use a C corporation to operate a newly acquired business or you need more capital in an existing C corporation, you should know that the federal
There are several financial and legal implications when adding a new partner to your business. Let’s say you and your partners are planning to add a new partner. The new
It’s not unusual for a partner to have expenses related to the business. This happens more often in service partnerships such as architecture or a law firm. For instance, partners
