Pay yourself too little and the IRS can reclassify your distributions as wages. Here is how to set a reasonable salary as an S corp owner, and why mid-year is the time to fix it.
You cannot control the economy, but you can control how prepared your business is. Here are practical money moves for small businesses in an uncertain economy.
The 1099-K rules for payment apps changed again for 2026. Here is when Venmo, PayPal, and Cash App report to the IRS, and why your business income is taxable either way.
A plain-English guide to the new Trump Accounts, the $1,000 seed, the $5,000 limit, how to activate safely (and dodge the scams), and what business owners can now offer.
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money. That is true of taxes as well, especially for 2021, as the pandemic benefits begin to wane and President Biden’s...
To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. In response to the economic slowdown and losses of income, Congress passed several extensive laws to benefit individuals and businesses that suffered financial hardship...
We know tax planning isn't high on your wedding to-do list, but here are a couple things to look out for if you're tying the knot this season: Name changes - make sure to report any changes to your name or SSN to the Social Security Administration (SSA). To do that,...