On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to more…
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for…
Events of the last decade have taught us that tax law is anything but certain. So how can young, affluent…
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count…
With most tax planning, there are certain strategies that are generally effective and shouldn’t be ignored. The same holds true…
Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so…
If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is…
What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as…
If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to…
Because of the COVID-19 pandemic and the resulting economic turndown in some areas, you may have family members in need…