Are you up-to-date on the latest laws around pay transparency? This article highlights the key requirements and how to avoid common pitfalls. Gain insights into how pay transparency can benefit your business and attract top talent.
Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it's crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.
Worried about how you or a family member will pay for long-term care? Look no further than this informative article, which covers all the ins and outs of Medicare, Medicaid, and asset preservation. With practical tips and expert advice, you'll be well-equipped to make the right decisions for your unique situation.
As the U.S. approaches the debt ceiling deadline, the implications of not raising it grow more severe. This article delves into the potential consequences of a default and how it may affect the U.S. economy and financial markets.
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
The Financial Accounting Standards Board recently amended the Accounting Standards Codification (ASC) 842, Leases, aiming to improve leasing guidance for non-public entities. This article provides an overview of key changes and impacts of the updated guidance.
Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
The IRS announced a new filing exception for the 2022 tax year that allows domestic partnerships and S corporations to skip the completion and filing of Schedules K-2 and K-3 under certain circumstances. Read our article to learn more.
Adding your kids to your bank account or home deed can create a host of legal, financial, and tax issues that can leave you and your loved ones vulnerable to significant risks and losses. Learn about the issues and alternative solutions to help you achieve your estate planning goals.
Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.
Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.