Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will...

With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for...

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022...

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the...

The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to...

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What...

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your...