As a business owner, it’s essential to stay updated on all tax benefits available—not just those directly tied to your business, but also those that affect your family and employees.
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
When it comes to estate planning, business owners have unique considerations that go beyond personal assets. With the estate tax exclusion amount set at $13.61 million in 2024, understanding how
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
As Donald Trump prepares to return to the White House, his administration’s tax policy direction is a topic of keen interest for business owners. With the Senate under Republican control
As we approach 2024, understanding the gift tax rules is essential for business owners who are planning to make gifts to employees, family members, or even charitable organizations. The IRS
As a business owner, it’s essential to understand the requirements surrounding Form 1099-MISC and Form 1099-NEC reporting. These forms are critical in ensuring compliance with IRS regulations when it comes
As a business owner, it’s essential to understand the tax implications of providing fringe benefits to your employees. Fringe benefits encompass a wide variety of perks offered in addition to
As a business owner, understanding how your filing status impacts your tax liability is essential for minimizing costs and staying compliant with IRS rules. For the tax year 2024, several