IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
Clergy members, including ministers, pastors, and other religious leaders, face unique tax challenges due to the dual status they often hold as both employees and self-employed individuals. This blog post
When it comes to filing your taxes, claiming dependents can significantly reduce your taxable income, often leading to valuable tax credits and deductions. But, determining who qualifies as a dependent
As digital assets like cryptocurrencies and NFTs continue to gain mainstream traction, it’s critical for business owners to understand how the IRS views and taxes these assets. Digital assets, including
Divorce is a life-altering event that can have significant financial implications, particularly when it comes to taxes. As a business owner, understanding how your tax situation may change due to
For many business owners, early retirement can seem like an enticing option or an inevitable necessity. However, stepping away from your business before reaching age 59½ presents its own set
As a business owner, financial setbacks can sometimes lead to more deductions than income. While it may seem like a straightforward benefit to offset losses, the IRS imposes specific limitations
As a business owner, managing travel expenses for yourself and your employees can be a tedious task. Fortunately, the IRS offers a streamlined way to handle this through the per
If you’re paying alimony as part of a divorce or separation, it’s important to understand the tax rules that govern these payments, especially after recent changes in tax law. Business
Start-ups often face numerous hurdles, and unfortunately, many new businesses overlook critical tax obligations. Cash flow issues, often stemming from tax missteps, contribute to the failure of 82% of start-ups.