When do I Have to Pay Nanny Tax?
If you hire household workers, it’s critical that you understand nanny taxes. Here’s a quick review.
Author: Andrew Litchford
Posts by Andrew Litchford
Some Holiday Parties and Gifts are Tax Deductible
Your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting parties. It’s a good idea to understand the tax rules associated with these expenses.
3 Tips to Reduce your Small Business Taxes
Don’t let the holiday season keep you from taking important steps to reduce your small business taxes in 2021. Here are 3 tips.
Make sure your Business is in Compliance with Tax Laws by Using ATGs
The IRS uses ATGs to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into compliance with tax laws.
How the Tax-Free Transfer Rule Works when Divorcing
Like many major life events, divorce can have major tax implications. And if you own a business, the stakes are higher.
How to Determine Reasonable Compensation for Business Owners
There’s no easy way to determine reasonable compensation. Here are some steps you can take to make it more likely that the compensation you earn will be considered “reasonable.”
Hiring Your Child This Summer? Here are Some Tax Advantages
As a business owner, you should be aware that you can save family income and payroll taxes by hiring your child.
How to Survive an IRS Audit
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined.
QBI Deduction Basics and How to Qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).
What are the New Tax Credits in the Inflation Reduction Act?
On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives. You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in